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Morning all, welcome to a new week, full of "God only knows
what." Let us review for a moment....
On Friday I was concerned that the big giant up day we had
Thursday after hitting the 50 day moving averages on Wednesday,
wasn't nearly as
So far it is playing out as I figured. We aren't far from the
unchanged line as they dig in and try and keep yesterdays gains.
The consumer sentiment index fell the most in 6 months, concerning
the "current" situation, but rose some concerning the "future
NOTE>>>>>> We're going to be trying out the new
software for the web site tomorrow. I have my fingers crossed that
you won't have issues logging in, etc... but you know how that
goes, there's always something. I'll be here for 90% of the Day
Well my guess has been right... so far. My guess was that the open
might be a headfake and we very well might drift down to torch off
the 50 day moving averages on the DOW and the S&P. Well
they're "just about there". The S&P is
Real quick, an update from the Jersey shore where we took the
"Ground Zero" hit from Sandy. While most of the "Trash" is picked
up, so it doesn't look so terrible, but the amount of houses
either completely gone or still boarded up
Hi all, I want to apologize for being "missing in action" here
today. We got to where we're staying on Sunday, and Murphy's law
kicked into gear. The wireless distribution of the Internet
throughout the neighborhood is down. Don't ask me why
Morning all, it's Friday. Jobs Friday.
Yesterday the market pretty much did what I suggested it might do.
It reached down, torched off the 50 day moving averages, the
S&P dipped under 1600... we were down pretty heavy... and then
"boom" ... up we
Well, they "did it".
They brought the DOW and S&P down to their 50 days, pierced
them a bit and then held the line. I guess the only thing
that would make it all "perfect" is a soaring "VEE" type run
NOTE IMPORTANT CHANGE
Because our weather man says a semi tropical storm is going to hit
us late tonight and for most of Thursday, and the entire East Coast
looks like a rain soaked nightmare, we've decided to postpone our
travel up to NJ until
Or at least that's what it looks like so far. With everyone piling
in at the close yesterday and looking for the big up day, they've
decided to pull a fast one and dump the market for 130