Now I now that this makes no sense. But if you pull up a chart of the SP 500 and go back to the failed head and shoulders pattern where we ripped up when everyone thought we was going down. You will find that now looks remarkably similar to back then. I [...]
After China officially going back into a bear market with a 20% decline in the past 2 weeks, you figure our market was due for a huge selloff today. Futures closing at low and market gapping down 79 or so points on the Dow. Then out of now where, the market comes out [...]
Yesterday, I totally choked. I finally realized that my portfolio was delta high. When the market was down 1%, I was down 10%. It’s funny, you only realize this in a down market. In an up market, you just think your a genius. I spend most of the afternoon trying [...]
My stop for the UNG trade was 12.98. Guess what the low was for the day?????? How ’bout 12.98. I hate it when I set a stop and get stopped out at the low of the day. Bottom line I just set the stop to tight. I should of brought the [...]
The relative strength in the REITS has been surprisingly strong. I have been eyeing Biomed Realty (BMR) for a couple of months now, but only now does the market want to get on board. With the market trading sideways to down the last couple of days, you can gauge on what stocks are set to [...]
I woke up this morning and turned on CNBC to look at the futures, and I immediately said, “What the F#$k”, being shocked that the s&p’s was up almost 10 points. I believe that the market is ultimately headed higher, but we are going way to fast. I was kind of hoping it trade lower [...]
I’m no economist, but if everyone is buying cars off of this Cash for Clunkers program, aluminum stocks must go higher. And I like Alcoa. Alcoa makes more money when cars are in production. Their earnings came in above estimates on their quarter based on the Chinese stimulus because they are buying cars. Now if [...]
