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Insiders Club 1-29-2010 Bookmark

Update

2:00

Well folks, this day is more bizarre than most. From up over 100 to all the way down to Red. Then a bounce to plus 50 and then back to up just 13.

I simply quit. I'm tired of this whole

Insiders Club 1-28-2010 Bookmark

Update

11 am (ish)

Well well, lookie here. We are down 104 points as I write this. I guess my gut feeling that this bounce was weaker than butter was correct, and the exact reason we've been sitting on our hands as of late.

Insiders Club 1-27-2010 Bookmark

Update

11:15 (ish)

More chop. We opened flat, they tried to rally us and it faded. We've been red most of the time, and at one point were down some 50 points.

There is little doubt that a big old bounce is brewing.

Insiders Club 1-26-2010 Bookmark

Update

12:30

Well I took the shot at the DIA's when they sprinted over the 102.40 level and now they are testing the 102.60 area. I have to believe some of this "strength" is manipulation as it would look really bad for Obama's State of the

Insiders Club 1-25-2010 Bookmark

 

 Update

3PM (ish)

Well the day went "about" as I figured. The big morning open of 80 points dissolved and at one point we were up only 6. Then they came back in and worked us higher. The only thing I didn't like, and

Insiders Club 1-24-2010 Bookmark

Insiders Club Update

1.24.2010

Yes it's Sunday, but I figured that with the two football games today, I'd better get this update out ahead of the trading week.

If you guys read the newsletter you know that I believe sentiment has shifted, and

Insiders Club 1-22-2010 Bookmark

 Update

3:10 ish

Well this is some wicked weird day for sure. I am not thrilled at what I am seeing, and even though it's very possible we finally bounce somewhere and put in a few up days next week, I'm not sure I trust

Insiders Club 1-21-2010 Bookmark

 Update

noonish

Wow what a wild morning this has become.

The market fell out of bed right from the get go, some of it on poor economic news (think Philly Fed) and some of it on leaks about Obama's new "rules" concerning

Insiders Club 1-20-2010 Bookmark

Update

11:05 ish

Down 180 points. Imagine that.

I told you all that I was suspect of this market, and yesterday's push was merely to keep the index's from plunging through their 20 day moving averages. But as I also alluded to, at

Insiders Club 1-19-2010 Bookmark

Update

11:15 ish

This is almost too funny. On Friday the down volume was 3 times the up volume. The 20 day moving averages on all the major index's were in danger of failing. So today, on the heels of Citi posting a 7 billion dollar

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