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8.30.2017 Bookmark

8.30.2017

Hello everyone, welcome to hump day.  

Yesterday they wanted to put on the show of bravado, and pull the market back up from its 'north korea" missile dip. Well, they did it just as we figured they might. In fact, not only did they pull the DOW up from a 100 point loss, they tacked on another almost 60 green points. It was all great theatre, and  kept the bull dreams alive.

8.29.2017 Bookmark

8.29.2017

Good morning all...

Well things have definitely gotten more interesting. After the close yesterday, news reports started crossing the wires suggesting that North Korea had fired a missile that was headed towards Japanese air space, and that eventually broke into 3 parts, falling into the water. 

8.28.2017 Corrected Bookmark

8.28.2017

Good morning all, welcome back from the weekend. 

For all you fine people down along the Texas/LA coast, our hearts and prayers go out to you all. I know what you're going through, I've been through it and it isn't pleasant.  God Bless. 

8.28.2017 Bookmark

8.28.2017

Good morning all, welcome back from the weekend. 

For all you fine people down along the Texas/LA coast, our hearts and prayers go out to you all. I know what you're going through, I've been through it and it isn't pleasant.  God Bless. 

8.25.2017 Bookmark

8.25.2017

Hello all, it's yet another Friday.  I don't know how they can appear so quickly, but indeed this one has already arrived. 

Yesterday, there was no bounce, but there wasn't any real washout either. When the final bell rang, we had the DOW off 28 and the S&P down 5.  I think they're all focused on Jackson Hole and all the big movers and shakers that are speaking there. 

8.24.2017 Bookmark

8.24.2017

I wonder what happened?  

After the close yesterday, the after market trading saw the S&P continue to fall. The SPY, which trades as the proxy for the S&P was down another entire dollar per share from the close.  When after hours trading ended, the SPY was at the dead low of the day. 

8.23.2017 Bookmark

8.23.2017

Good morning all. I guess today we'll see if I read the whole Thursday/Friday sell down wrong and it was just another in a long long string of "one day wonders" that just happened to stretch into two days. 

8.22.2017 Bookmark

8.22.2017

Hello everyone, welcome to a new day. 

Yesterday they pinned the market to the flat line all day. The start to the day didn't go as I figured it would, instead of a nice fat bounce higher, the first moves were to dump the market fairly sharply. But then they hit some technical supports and the robots kicked in. As the day wore on they pulled the market back up to flat. In fact, in a couple Instant messages to trader friends of mine, I laughed with them as I'd glance at the ticker and see "S&P change - -0.10" or "S&P change - + 0.30"   

8.21.2017 Bookmark

8.21.2017

Good morning everyone, welcome back from what I hope was a great weekend for you all. Mine wasn't all that glamorous. The wife was still up in NJ wrapping up her visit with her dad and brother, and I hung around down here, keeping an eye on my 90 year old mom and my son. But I did get some things accomplished that desperately needed doing, so that's a big plus.  Then late last night the wife flew back in, and while it was a late night getting home, we did fine. 

8.18.2017 Bookmark

8.18.2017

Good morning all, we've made it to another one of those Friday things. Just in time if you ask me. 

Okay, so what about yesterday? I've been saying like a broken record that one day the market will go red and they won't buy the dip. Well the market went red yesterday and they didn't buy the dip. When it was all over we plunged 274 DOW points, and 38 S&P's. The NASDAQ wasn't immune either, it fell 123.  Noticeable was the volume on the SPY.  118 million shares traded.

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