The FREE Investment Newsletter That Really Works!
Well, what a day eh?
From down 80 points early on, they have rallied us all the way
back to now where the DOW is up 90 points. Why the big
reversal? Well, there was a period earlier where Bernanke
mentioned that they have
Well.....they've kept us basically flat on the day after the
morning plunge. I pretty much thought they would try and walk us
back up. This is all about Bernanke now folks. For two days traders
will listen to hear what they want to hear , and we'll
Wow. Well, we still don't know what this all means, whether a one
day wonder or something great, but it was fun watching them pour on
170 points. On the way up, I nibbled on some RIG, but certainly not
much. I didn't fire off
Well look at that. From down 121 points they rallied us all the
way to green. The S&P has climbed back to the 50 day moving
average. If this holds into the close, it's 3 days in a row where
they've decided to hold the fort.
As we expected all eyes were on the Beige book release and "any"
hints that they were secretly debating QE. Well, it was not there.
The report was amazingly similar to last months report. So, after a
ten second pop higher, they've sold us off, right now
Now you know why I wanted to continue to sit on my hands. After a
90 point open, we're once again "red" by some 21 points. They
simply don't seem to have the firepower to keep this thing going,
but they're not really willing to let it
Okay, they pouted the open, dropped us 70 points and now have been
slowly working us higher. We really didn't "test" 1340 on the
S&P, as the low touched 1347. Was that enough? Are they
Today kicks off "earnings season". Hundreds of companies
I held off on posting for a bit, as I wanted to hear some words
from Obama. But now that I'm listening to it, I'm shaking my head.
He's telling us we've created 4 million jobs over the last 4 years.
right. How can a President lie
So they pulled it off and got us green on the DOW. All ahead of
tomorrows jobs report, and somehow I'm having a hard time gaming
Have you seen the individual stock action today? CLNE..up nice and
it plunges. Go into ANR, it
Bless their hearts. On a holiday shortened day ahead of a holiday,
they're still swingin for the fences, and trying to get us up and
over that 12,900 level. If they do, and it's probable now, they'll
go into tomorrow with a big smile on their faces.