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5.16.2017 Bookmark

5.16.2017

Good morning folks, welcome to Tuesday and I hope it's a happy one for you all. 

So, they did it. With just 55 million shares of the SPY traded all day, they eeked out a new all time high...even on a closing basis.  The DOW had hit 21K during the session, but came up 19 points shy at the close. As I whined about at the 10:40 update yesterday, of course this made no real sense. Not one person in ten thousand can quantify the amount of business lost through out Europe over the malware attack. Yet they didn't care. We had a negative Empire report. They didn't care. No, it was Monday so it was time to set new highs.

9.13.2016 - Insiders Club Bookmark

9.13.2016

Good morning all, welcome to a new day....

One could ask... what the heck was Friday all about?  A 400 point drop out of the clear blue over someone suggesting they might do a 25 basis point hike??  Then Monday rolls around and after a soft start, we soar for 250 DOW points... but more importantly, the S&P runs ALL THE WAY BACK to being "inside the box" again.  Really?

5.13.2016 - Retail Sales Beat Estimates? Bookmark

This is almost too funny. We've just come through an earnings season where the retailers produced absolutely horrid numbers, and many of them slashed their estimates for the year. Confessions such as this were a daily event.... JC PENNEY 1Q NET SALES $2.81B, EST. $2.92B; CUTS YR GROSS MARGIN FORECAST.  Yet according to Uncle Sam and his bean counters, Retail sales ROSE 1.3%, beating the estimates for a gain of 0.8%.   How is that possible? Magic I tell you.

5.13.2016 - Insiders Club Bookmark

5.13.2016

Good morning all, we've made it to Friday, and not a day too soon....

First off, let me ask you all a question. Without sounding snarky, I want you to actually think about this for a minute.

At 1 PM yesterday I put out the 3rd update of the day. In that update I said and I quote...

4.13.2016 - Insiders Club Bookmark

4.13.2016

Good morning all, welcome to Wednesday.

Yesterday the market was on the verge of "losing it". The S&P had gone red, and was trading below the lower boundary of the "box" the market had been in.  Losing 2042 was something they couldn't afford, yet in early trading it was at just 2039 and looking weak.  So they regurgitated a headline from February about Russia and Saudi agreeing on a production cap.

Insiders Club - 7.14.2015 Bookmark

7.14.2015

Hi everyone, welcome to another day in madness land.

Insiders Club - 1.14.2015 Bookmark

1.14.2015

Hello everyone, welcome to Wednesday....

Yesterday afternoon I said  "But this is the age of insane volatility, and who knows what the last two hours will bring. I won't be surprised if we jump 150, or fall for another hundred" 

Well what we got was more wild swings. Consider the day as a whole. We were up 284 points in the morning. Then we fell all they way back, not ONLY to red... we plunged 140 points red, before they rushed us back up and we came within a dozen points of going green again.  We ended the day with the DOW off 27.

Insiders Club - 12.11.2014 Bookmark

12.11.2014

Okay, lets see if I can get the day correct this time.... Hi folks, welcome to Thursday!
Yup, I think I got it.

If you have even a remote interest in the markets, you know by now that yesterday it put in a pretty ugly session. You'd know that because if you listen to the media, they portrayed the plunge as if it was the great depression of the 30's.  That's how fixated on an ever rising market that people have become. A 268 point dip in a 17K market causes panic now adays.

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