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Okay folks.. the day has gone perfect. Perfectly flat that is,
just as we expected. There is no volume and they are all wondering
what tomorrow will bring. We have hovered all day in a tight range,
but that's a bit misleading.. the individual
A strong open has seen us work our way up towards the FEB high at
12,400. If we get past that and the jobs report doesn't stink on
Friday, we're going to see an explosive pop higher. Sure it's all
based on fantasy island,
Well we're in one of those low volume "walk the market up" days.
It's really no different than yesterday except of course for the
lousy economic news on housing, and consumer confidence. Do you
think it's a coincidence that we're up on lousy news?
What a weird day. Like so many days we opened green and pushed
higher. Everything we had moved up smartly. Take a look at a chart
of SD. We had taken it at 11.99/12.00. It opened well and marched
up to 12.59. That's
Sorry I'm late, had a radio interview I had to finish up...
Okay, so we see them goosing the market again, up some 70
I did go and take IBM and NBR, and both are doing okay for
As I expected a flat, stumbling mix right out of the gate. I
did go ahead and sell out of CAT, ANR and FCX. I sold CAT at
107.21, ANR at 56.29/30 and FCX at 52.19.
That leaves me with just
Well we gapped up, ran hard and then slammed into a wall with the
market up about 185 points. There is some resistance on the S&P
at both 1298 and 1303. We've visited both and so far we haven't
Okay folks, let's chat.
When my son got home from school I showed him some of the emails
that had come in wishing him luck, sending prayers and even people
telling their own story and how things have helped them.
Seconds after I sent the last update the market "crashed" down 194
points. The news was out of the EU, as their nuclear head said the
situation in Japan is "effectively out of control". That took us
from down 40
Well, they didn't hint about ending QE 2.. which I think they
would have done had Japan not been hit and this nuclear thing
wasn't on the table.
They have brought the market up from a low of 298 this am,