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We've made it to Friday. It has been an interesting trip.
If you are able to watch the news and the markets during the day,
what you've seen is that the market is whipping violently on every
statement concerning the fiscal cliff. If a
Well today is shaping up to be bizarro in a big way. Last night
the futures were cruising along fairly benign when all of a sudden
they blasted higher. In under a minute, 11,000 S%P mini contracts
were gobbled up, pushing futures up
Morning all, it's Wednesday already.
Yesterday things were holding up fairly well, and then Senate
Majority Leader Harry Reid said that “little progress”
had been made in the fiscal cliff negotiations. Despite some made
up positive economic reports, the comments by Reid created an
Morning everyone, welcome to Tuesday.
Yesterday was just about right. After the big Holiday binge, we
went from sharply oversold to mildly overbought in a week. There
was little doubt there'd be some profit taking, the question was
simply "how much?" In the morning session,
Welcome back from a really good Holiday weekend. While mine wasn't
quite "ideal" considering the circumstances, it was just
Okay, so we had our big bad dead cat bounce ( yes folks that is
indeed an industry
Are you still stuffed like that turkey? I certainly am. Not only
did we enjoy a great holiday feast on Wednesday evening with some
dear friends, on Thursday AM I got a call from another friend and
they invited me to share their holiday with them. So,
Morning all... this will be a very short update, sorry. I have to
meet with some people at the ungodly hour of 7:15 am to show them
my house and get the "hands on" estimate for demolition. What a
In any event, yesterday did
Well, that was quite the day. I wish I was here sitting through it
all because it appears there were trades galore. But that said, I
do actually own two positions in the short term trading account.
That's refreshing, I haven't been able to do anything for
The other day I titled the update "the bounce nears". Well
it seems like Friday afternoon it "began".
After a weak open, they turned things around during the session
and ended us higher. Why? Was it industrial production that was
The bounce nears.
Yesterday we were looking at triple digit losses again, and then
in the last hour they jumped aboard to bring the averages back up.
Although the day still ended red, it was nothing compared to where
it could have been. You