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Insiders Club 12-8-2009 Bookmark

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Update

12:40ish

Well patience is a virtue, and after enduring some pain early in the session, sure enough the SPY came back as Obama was lying to people about jobs. So, here's where

Insiders Club 12-7-2009 Bookmark

 Update

11:45ish

Zzzzzzzz

oh, sorry I was nodding off. The morning hasn't done much, we were up, we were flat and now we're up again. But, 27 points isn't much, and frankly this still feels heavy. The Volumes are horrid, and volume on

Insiders Club 12-3-2009 Bookmark

Update

AFTER the close


Well lookey here! A red close! I thought they were illegal or something?

As you all know, this market has felt heavy to me for a while now, and way back on Sunday I suggested that we

Insiders Club 12-2-2009 Bookmark

 Update

 12:40

 

After a pretty strong morning the "Wednesday reversal" syndrome is trying to kick in here folks, so let me tell you where I stand

ATPG was a bummer of epic proportions. After going positive for us by a dime or so, the EIA numbers

Insiders Club 12-01-2009 Bookmark

Update

3:00

Well that trip sure took longer than I wanted or expected! But anyway, it looks like they really poured the coals to it today, and it is simply amazing to see. In any event, I had set the electronic buys on STLD and ATPG.

Insiders Club 11-30-2009 Bookmark

 Update

10:45ish

Well so much for that theory. I really thought the market would open flat ( it did) and then run for half an hour and then dip. Nope. It opened flat and just built higher and held. go figure.

But

Insiders Club 11-27-2009 Bookmark

 Update

Well it looks like we'll live to fight another day.

I'm going to leave my positions on, with the stops I suggested. Now this is indeed risky. We could get more bad news over the weekend. I'm simply playing the odds that the Black

Insiders Club 11-24-2009 Bookmark

 Update

2:00 pm

Well could today have been any more boring? We opened flat and here 5 hour later we're right where we started.

Okay, here's the deal. I am traveling tomorrow because of the Holiday Thursday. Therefore I'm in no really

Insiders Club 11-23-2009 Bookmark

 Update

10:55

Let's talk "gaps" for a minute

For the past few Monday's this has been the pattern: no bad news over the weekend and they juice the market big time on Monday AM. Most of the stocks you want to buy gap

Insiders Club 11-20-2009 Bookmark

update

Just after the Open

As we figured, the open is weak, but not as weak as the futures suggested. That's fairly common. But, since it's option expiration day, we have a feeling that 90% of what's going to happen today will happen by 11 am,

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