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I didn't send a typical "second" update at 10:30 because 1, I
wanted to hear from the President and 2) the market was soundly
asleep. Even now hours later, the DOW is off 33, the same as it was
at 10:45 and 11:30.
Bless their hearts they couldn't help themselves and after
spending the bulk of the day in the red, the DOW peeked into green
just a few minutes ago. But there's much to consider folks.
While Face Book tried to wow everyone with some form
A pretty flat open, with a bit more selling than the tape
suggested. For instance at 10:00 the S&P was down just 4
points, but inside the average there was some pretty decent
selling. It wasn't just AAPL being down 20 bucks, there was selling
Is the market weaker than I expected? Sort of. We're down 25 on
the DOW which isn't great, but then again, we just came off
two days where we gained 150 points, so I do NOT expect a big up
day today. That said, I do think
HA! what did I say yesterday? After getting shaken out of a couple
positions I said we'd probably see a 100 point day today. Sure
enough the DOW is up 75. Go figure.
In any event, after two digestion days, they've decided to
I'm now officially grumpy. We has such a nice selection of stocks
and even though we had some selling yesterday we were in great
shape. But today as they've let the market sag and sag, we lose all
the profits on 4 separate issues. DVN,
I wish I had a lot to say, or some ground breaking news, but all
in all.... I can't say any of that. It's been a long grinding day,
with a lot of give and take, while the overall direction has been
Well folks, the market is trying it's best to put on a show into
the close. We've got the DOW up 29 and they could surely keep it
here or higher.
I didn't take the DVN, I wasn't physically here when it crossed
This is somewhat comical. The market has been holding tough all
day and even peeked green for a while. Then they got the minutes of
the last Fed meeting on buried in the report there were a couple
members that thought maybe they should