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Insiders Club 7-30-2010 Bookmark




Well Well...

Sop they hated the GDP number and we were down 100 points. Then the Chicago PMI number came in better than expected, and the consumer confidence was better than the disaster of last week. So here we are

Insiders Club 7-29-2010 Bookmark


There's an old saying about not looking a gift horse in the mouth and we were just up over two dollars a share in GS, so I took half of it off the table folks.

We went in at 150.15 and sold 450 at

Insiders Club 7-28-2010 Bookmark



Okay we got the Fed's Beige book and it was pretty poor. Although they tried to say that economic activity still expanded it was at a much slower pace, and lots of ingredients in the report like manufacturing had completely leveled off. Then of

Insiders Club 7-27-2010 Bookmark



Well I'm awful glad I pulled some profits out yesterday, because we got stopped on CLF and FCX this morning. Granted we sold them just ahead of flat, so they didn't go red on us, but it really stinks seeing something like CLF

Insiders Club 7-26-2010 Bookmark

 Update 10:30

 That open stunk, and got stinkier.

We were pretty flat, and fading off a bit from the open. Okay, no big deal. Because of new home sales coming up at 10 am, they were a bit paranoid and were getting real defensive.

Insiders Club 7-26-2010 Bookmark



Well it's a decent day, after this morning's dip and rip..

The question is.. will it hold? I think it will folks, but I also think that each day we move up, we're stretching the rubber band. So, caution is indeed

Insiders Club 7-23-2010 Bookmark




Watch the SPY over 110.32.. it could go well




Things are moving waay too fast. As I said earlier I thought they might have one last pop in this market, as they suck in people over the weekend... So, we

Insiders Club 7-22-2010 Bookmark



Okay, we went into PCX at 13.00 and it's up 17 cents. Whoo hoo!  Oh boy.

Hey, like usual I'll consider it a day trade for now with a stop at 12.85

Unless the others on my morning list

Insiders Club 7-21-2010 Bookmark



Wow, look at what Bernanke did to my market!!! hahah.

Oh boy.

The little smurf pretty much laid out a fairly bearish outlook on things, despite his double talk and the market didn't like it one little bit. Obviously I

Insiders Club 7-20-2010 Bookmark



Okay, a decent day working... but I don't want to push my luck. So, I lightened up some more and took some profits

I sold 1000 SPY at 108.10.. About a buck and a half to the good and I have 

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