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7.20.2018 - Insider Bookmark

7.20.2018

Hello all, we've stumbled into another Friday. 

Yesterday they "saved" S&P 2800.  For a brief time, we traded below that level, but they came in and boosted it back over.  Despite the save, they ended the day with the market red across the board. Not terribly deep red, as the DOW was only down 134 and the S&P was down 11. 

7.15.2018 - Free Investing Newsletter Bookmark

Venezuela and You

 

There’s a particularly wonderful gal that works in my wife’s office, who does the scheduling for her. My wife owns a small business called “A Better Solution” which revolves around homecare. We’re the people you call when your mom’s got dementia and you don’t want her alone. Or maybe your dad needs a ride to the doctors, or maybe you just got out of the hospital and need a little help with housekeeping and meal prep. Yep, that’s us. ( By  the way, if you’re in need of any services such as that in North Port, Charlotte Harbor, Punta Gorda, etc, give us a call!)

6.5.2018 - Insider Bookmark

6.5.2018

Morning all, welcome to a new dawn. Let's hope it's a good one. 

Yesterday they "did it". They finally got the S&P up and over that bounce "double top" at the 2742 level.  With a gain of 12 points, the S&P held on to the gap opening, and closed out the day at 2746.

The question was and still is, can it hold it? Yes it was a victory getting up there. Yes it was a victory holding into the close.  But you guys all know the drill. One day does not a trend make. 

5.31.2018 - Insider Bookmark

5.31.2018

Good morning all, welcome to another day in a Holiday shortened week.

It's been a crazy week so far. Huge down day Tuesday, big up day Wednesday.  So what does today bring us?

Well, the futures are relatively flat this morning. Like so many days, they've improved since 6 am, and now at 8:15 we see the DOW up a couple, the S&P up 1.

I have to figure that we'll see a few more points added to the pot this morning, as they certainly went all in trying to save this thing from rolling over.  With the small caps putting in an all time high, they'll try and use that to pull the rest of the market higher.

There's been a bit of buzz over GM, as Japan's softbank is investing over 2 billion in their autonomous car venture.

Frankly, I'm too old. I don't want a car that drives for me. Hell, I don't even much like being a passenger when someone else drives. But again, I'm old.

I picked up some QQQ yesterday, taking 200 shares at 170.04.

Is there anything else that I want to add out there?

ATHM looks interesting. It broke out yesterday, so lets see if it takes a little dip this am, and then surges again.

CERS is  looking attractive here. It ran up to the 7 dollar level in early May and has been consolidating sideways ever since.  A move over 6.80 could set this one free.

The IBB is the biotech ETF, and it's been trying to make a move lately. Yesterday it did pretty well, and "could" be setting the stage for more. So we'll watch that.

As much as I'm not a big fan of facebook, it is cruched right up against a resistance that it failed at back in early May. We'll need to see if it makes it through.

So, there's things to watch, and as long as we don't get any goofy news out of Italy, we "should" see them try for a few more points.

Let's chat at 10:40 and see where we are. 

5.21.2018 - Insider Bookmark

5.21.2018

Good morning all, welcome back from your weekend.  As always, I hope yours was a great one for you. Down here in "not sunny anymore Florida" the switch has been flipped. As I've been mentioning to you, we have a wet season and a dry season. I guess it was about Late October/ early November when we went dry. And dry it was. We didn't have a significant rain event  for months. Then about 10 days ago, "enter the wet" showed up

4.17.2018 - Insider Bookmark

4.17.2018

Hello everyone, and a good morning to you. 

Today "should" do it. Yesterday they flirted with the 50 day moving averages, and as I suggested in the afternoon post, I had a feeling we might fade some into the close

4.16.2018 - Insider Bookmark

4.16.2018

Good morning everyone, and welcome back from your weekend. As always, I hope it was a good one for you. 

Down here in Sunny Florida, our Saturday was picture perfect. It was a bit warmer than I'd like, but overall a nice day. But Sunday turned out a bit odd.

1.28.2017 - Financial Intelligence Report Bookmark

Trading Questions
 
I’m going to take a slightly different route today, because lately I’ve been getting some really good questions about “trading” the market, and I figure it makes a lot of sense to try and answer them to a larger audience. So, for today let’s talk trading.
 
One question I just got was in response to a post I had made where I said that “for the average investor, it is usually not wise to trade during the first hour of the day, commonly known as amateur hour.”  The question was basically “why don’t you trade during the first hour of the open market?”  So let’s dissect that and see why.

4.15.2016 - Insiders Club Bookmark

4.15.2016

They did it again.

Yesterday the market tried to work its way higher, but ran into a gob of resistance starting around 2087, and couldn't get through. So it faded all the way down to RED by late afternoon. But because illusion is the name of the game right now, in the final moments they rallied the troops and pulled off an 18 point DOW gain and a fractional gain in the S&P.

It gets old, no? Yes.

Insiders Club - 10.16.2015 Bookmark

10.16.2015

 

Good morning folks, we've made it to Friday and what an amazingly strange week it's been.


Yesterday was something of an enigma. At the noon hour, the market was struggling to hold green, with the DOW coming down from about 100 points, to just +39 points at one moment. But then shortly after 1, they started pushing things higher and higher and by the time the bell rang to close out the show , we'd gained 215 DOW points, but more importantly, an incredible 29 S&P points, which pushed the S&P up and over the resistance of 2020. 

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