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Okay, so they got us up, at one point up 100.
Chances are good that we're going to hold most of this for the
day. I wouldn't be surprised if we see some more gains tomorrow, as
the "new month money" comes in. But,
Well we're getting the bounce that history says we should get. I
don't have an issue with that, in fact I bought all three
suggestions I put out this morning. My issue is this.. can it hold
the day? That's the part that is
Before we chat about the day, I want to clarify something for all
of you concerning the long term holds bucket. I don't like to post
it every day, it gets repititious, and it doesn't change very
frequently, so I usually dredge it up
Well this is pretty boring. Got any fences you need to paint, or
teeth you need pulled? It would be a good day for it. There's a bit
of war going on between the dip buyers, and the people trying to
get out, so
Is it possible that we're actually going to head into the close
down triple digits? IT's possible folks. Then again it's possible
that Benji calls his boyz and they pick up the pace and we go
green. I tend to think we fade
Yawn. Snore. Zzzzz.
We have been flatlined since the open and I don't suppose we're
going to see that change much. Yes we are up some 26 DOW points,
but it's an odd feel to the day.. like there's no volume,
I don't usually put out an update in the afternoon, but since I'm
sitting here amazed at what I'm seeing, I figured I'd shoot you all
Once again we're pretty well loaded with stock.
As of this
Just a note here folks..
we were up really big and then "boom" down we came in a hurry. The
news was that a couple Iranian warships were going up the Suez
canal and Israel suggested it was a provocation. Oil
You guys know the score. I called for a pull down starting last
Wednesday. We lost 77 points and they rushed in for the save. Then
Thursday, down 72 points on accelerating volume. They rushed in for
This is a tough day to read.. not that any of them are getting
easy lately with Bernanke lurking in the wings.
We saw them rotate heavily into commods and materials this am. CLF
one of our perennial favorites was up over