AMZN - Held its ground at the $114 per share level. Demand appears to be high at this level, its mixed. Bulls are fighting for this one. Publishers out and looking for a better pricing on their authors works.
Friday, February 5, 2010
AMZN - Chart
AMZN - Held its ground at the $114 per share level. Demand appears to be high at this level, its mixed. Bulls are fighting for this one. Publishers out and looking for a better pricing on their authors works.
Re-cap
Markets went "hog-wild" with overseas news and jobless numbers today, going into the opening of this market day. We were ready for a drop from the start, however, the jobs numbers was announced and the markets become mixed. Can you imagine when a number becomes revised its a positive thing? Well, the number was revised for a drop to 9.5% down for 10%. It appears that the number is a lie and does not compensate for the US Americans that have stopped looking for work, and will not return anything soon. Temp workers increased in the report and temp is a temp, this is not a continuous job.
The Dollar screamed higher, the markets drop on the dollar rocket, over 100 points during the day. Dropping the markets below 10K; during the day. Once the dollar started coming into supply, we started to gain some ground in the stock market. End of Day recapturing the 10K level. It was a pretty light all day, we believe there was a bounce, as the table was set for the weekend.
(1) SEC Chairman Mary Schapiro (She's short on details, hum-mm, standard mo for SEC) promises more curbs on short-selling to come this quarter, amid reports of mixed opinions at the agency. The SEC is also looking to consolidate audit trails at trading venues to give regulators a better view of the entire market.
(2) Goldman Sachs (GS) CEO Lloyd Blankfein, along with GS's president and its CFO, each will receive a stock bonus worth nearly $9M with no cash.
(3) Today may have been saved with a dramatic turnaround, but the week for stocks still ended in the red as sovereign debt fears continue to weigh on the market.
The Dollar screamed higher, the markets drop on the dollar rocket, over 100 points during the day. Dropping the markets below 10K; during the day. Once the dollar started coming into supply, we started to gain some ground in the stock market. End of Day recapturing the 10K level. It was a pretty light all day, we believe there was a bounce, as the table was set for the weekend.
(1) SEC Chairman Mary Schapiro (She's short on details, hum-mm, standard mo for SEC) promises more curbs on short-selling to come this quarter, amid reports of mixed opinions at the agency. The SEC is also looking to consolidate audit trails at trading venues to give regulators a better view of the entire market.
(2) Goldman Sachs (GS) CEO Lloyd Blankfein, along with GS's president and its CFO, each will receive a stock bonus worth nearly $9M with no cash.
(3) Today may have been saved with a dramatic turnaround, but the week for stocks still ended in the red as sovereign debt fears continue to weigh on the market.
Futures Update
Dow (MAR) -5 
Nasdaq (MAR) +5.00
S&P 500 (MAR) -1.25
Delayed 15 minutes
Mixed bag after the Unemployment numbers.
Nasdaq (MAR) +5.00
S&P 500 (MAR) -1.25
Delayed 15 minutes
Mixed bag after the Unemployment numbers.
Futures - Pointing To A Lower Open
Dow (MAR) -66
Nasdaq (MAR) -4.25
S&P 500 (MAR) -8.00
Delayed 15 minutes
It appears we are head lower this morning in front of the Unemployment and going in the weekend in a negative number. 6.5 hours for this market to close below or above the 10K level. We will see. Overseas markets saw a bearish control into their weekend.
Waiting for the Jobs numbers to come out in 10 min.
Nasdaq (MAR) -4.25
S&P 500 (MAR) -8.00
Delayed 15 minutes
It appears we are head lower this morning in front of the Unemployment and going in the weekend in a negative number. 6.5 hours for this market to close below or above the 10K level. We will see. Overseas markets saw a bearish control into their weekend.
Waiting for the Jobs numbers to come out in 10 min.
Thursday, February 4, 2010
AMZN - Updated
AMZN - We closed just below $116.00 per share, we are looking for the stock to back fill the gap left in Oct 2009. However, this stock must drop below and closed at $110 per share first. This is not a recommendation nor a solicitation for this security. It appears that AMZN has acquired Touchco to compete with the Ipad from Apple, and they are still in publishing talks on pricing of author books.
V - Updated Chop
V - Well this played out pretty well and the market overall helped out a lot on this one. As you can see that the V pushed up through the $86 per share level and than proceed to sell off from there. Unemployment numbers are due out 2/5 Friday morning at 8:30 AM ET. Per the daily chart, we are in the middle of trying to close a gap left in Dec for the second time around.
MA - Drop $25 per share lower on the day, as it reported earnings before the bell.
Wednesday, February 3, 2010
Visa Earnings - After Hours
V - Came in with good numbers after the bell, however there maybe some profit taking in the morning on this one. Appears supply is around the $86 per share level, which should be a great shorting opportunity.Remember, big EcoNews report are still on deck for this week.
AMZN - Has completed a bounce off of the Nov 4; low and price is still under the MA and volume was pretty light at this point time. We will see how this market will play off the demand level for this stock. A big player does not want it to go below $115, for some reason. Humm, TA suggest a M pattern with lower highs and lower lows. As you can see we have pushed below (last two trading days with tails), however, we have not made a closing of below the $115 level on a daily basis. A break below will drop the stock to $110 per share.
Monday, February 1, 2010
Futures with EcoNews!!
Dow (MAR) +49
Nasdaq (MAR) +3.75
S&P 500 (MAR) +5.35
Delayed 15 minutes
Futures appear to be going higher this morning into the opening with XOM and HUM earnings on tap. Overseas market were down across the board, so it maybe a morning bounce for us, since Friday put us down 7% for 2010.
EcoNews - Storm Watch:
Nasdaq (MAR) +3.75
S&P 500 (MAR) +5.35
Delayed 15 minutes
Futures appear to be going higher this morning into the opening with XOM and HUM earnings on tap. Overseas market were down across the board, so it maybe a morning bounce for us, since Friday put us down 7% for 2010.
EcoNews - Storm Watch:
| 1-Feb | 10:00 | ISM Index | Jan |
| 2-Feb | 10:00 | Pending Home Sales | Dec |
| 3-Feb | 8:15 | ADP Employment Change | Jan |
| 3-Feb | 10:00 | ISM Services | Jan |
| 3-Feb | 10:30 | Crude Inventories | 29-Jan |
| 4-Feb | 8:30 | Initial Claims | 30-Jan |
| 4-Feb | 8:30 | Continuing Claims | 30-Jan |
| 4-Feb | 10:00 | Factory Orders | Dec |
| 5-Feb | 8:30 | Nonfarm Payrolls | Jan |
| 5-Feb | 8:30 | Unemployment Rate | Jan |
Friday, January 29, 2010
Holiday Schedule
| 2010 Stock Market Holidays | Date |
| New Year's Day | January 1,2010 |
| Martin Luther King, Jr. Day | January 18,2010 |
| Washington's Birthday/Presidents' Day | Febuary 15,2010 |
| Good Friday | April 2,2010 |
| Memorial Day | May 31,2010 |
| Independence Day | July 5,2010 |
| Labor Day | September 6,2010 |
| Thanksgiving Day** | November 25,2010 |
| Christmas | December 24,2010 |
| **The NYSE Trading Floor closes early (1PM ET) on Friday November 26,2010 (The day after thanksgiving) |
Remember, the professional money managers often vacation around scheduled exchange holidays.
They may also close positions several days before, causing lighter volume around the stock market holidays.
AMZN - Post Review
Well it was a pretty interesting day, as we moved higher to only sell off in the end of day. GDP number was better the analyst had expected and that was pretty much the end of the EcoNews. We did not go below 10K, we will see if this will happen in Feb. Jan tends to be the tell for the year and it is having a hard time, at this writing. AMZN reported earnings last night and it was good for a $700 to the downside, since the market open this morning. NASDAQ was the first to drop down into negative territory, then the S&P. We do not count the DOW, due to it only having 25 stocks. Resistance is 131 and Support is 119.99 levels. Price did not close below the 20 day MA on this Daily chart, however, the Dollar gap into the close. So, if we get a close below the 20 day MA look to test the support level. This is not a recommendation or solicitation of this stock or any other charts displayed here.
Morning Futures
Dow (MAR) +48
Nasdaq (MAR) +9.50
S&P 500 (MAR) +5.25
Delayed 15 minutes
Appears to be a higher open based on the reconfirmation of Helicopter Ben for 4 more years as FED Chair. Dollar is also coming into resistance and we should see on gains in the markets today, GDP is to be release at 8:30 ET, we will see it this might break the markets down.
Overseas market closed lower for the week.
Nasdaq (MAR) +9.50
S&P 500 (MAR) +5.25
Delayed 15 minutes
Appears to be a higher open based on the reconfirmation of Helicopter Ben for 4 more years as FED Chair. Dollar is also coming into resistance and we should see on gains in the markets today, GDP is to be release at 8:30 ET, we will see it this might break the markets down.
Overseas market closed lower for the week.
Thursday, January 28, 2010
After - State of the Union Address
This is an Daily chart of the SPY - mid day, with the market professional gap up (overnight and market orders fills) in the morning the sellers stepped in and have taking this market to the downside. Sup 108.00, if this breaks than we are looking for 107.15 for a new support level.Obama, State of the Union address, appeared to us the same old thing that was stated in his presidential race to the White House. Unemployment, still in a decline.
Wednesday, January 27, 2010
9:00 PM
9:00 PM Obama: State of the Union Comment!
It appears the market have moved on from the FED news (Fed keeping interest rates near zero), and now focusing on the State of the Union from Obama. GS was roared back from a drop of 2 points to the downside to a gain for the day. Traders are looking for what the President will say or not say in the State of the Union. Encore with the Unemployment number will be stated at 8:30 AM ET on 1/28/2010.
9:00 PM Obama: State of the Union Comment!
It appears the market have moved on from the FED news (Fed keeping interest rates near zero), and now focusing on the State of the Union from Obama. GS was roared back from a drop of 2 points to the downside to a gain for the day. Traders are looking for what the President will say or not say in the State of the Union. Encore with the Unemployment number will be stated at 8:30 AM ET on 1/28/2010.
9:00 PM Obama: State of the Union Comment!
Before
This is a snap shot of the spy before, today's news events . Let's see how it pans out in the coming days.
Wednesday's economic calendar: HotTopic
Today the Futures are point up to a modest opening, as traders take a wait and see approach to the following news events. Overseas markets where pretty modest with there losses or gains as will, waiting to see what we will do, as these events unfold.
10:00 New Home Sales
10:00 Hearing: AIG Counterparty Payments
2:15 PM FOMC Announcement
9:00 PM Obama: State of the Union Comment!
SPY Sup 109.05 and Res 110.50
UUP Sup 23.05 and Res 23.18
10:00 New Home Sales
10:00 Hearing: AIG Counterparty Payments
2:15 PM FOMC Announcement
9:00 PM Obama: State of the Union Comment!
SPY Sup 109.05 and Res 110.50
UUP Sup 23.05 and Res 23.18
Sunday, January 24, 2010
Bloomberg news: SEC May Approve Restrictions on Short Sales When Stocks Plunge
Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging.
The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. Jan. 23 (Bloomberg) By Nina Mehta
Read more at the link below.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMWQn8mCXZxM&pos=5
The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. Jan. 23 (Bloomberg) By Nina Mehta
Read more at the link below.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMWQn8mCXZxM&pos=5
Saturday, January 23, 2010
Market Expects - EcoNews
| Date | Time (ET) | Statistic | For | Mkt Expects |
| 25-Jan | 10:00 AM | Existing Home Sales | Dec | 5.90M |
| 26-Jan | 10:00 AM | Consumer Confidence | Jan | 53.5 |
| 27-Jan | 10:00 AM | New Home Sales | Dec | 370K |
| 27-Jan | 2:15 PM | FOMC Rate Decision | 27-Jan | 0.25% |
| 28-Jan | 8:30 AM | Initial Claims | 23-Jan | 450K |
| 28-Jan | 8:30 AM | Durable Orders | Dec | 2.00% |
| 29-Jan | 8:30 AM | GDP-Adv. | Q4 | 4.60% |
| 29-Jan | 9:45 AM | Chicago PMI | Jan | 57.4 |
| 29-Jan | 9:55 AM | University of Michigan Sentiment | Jan | 73 |
Earnings Preview for the week of Jan 25th-29th: : Of the hundreds of companies reporting earnings the week of Jan 25th-29th some of the bigger names include:
Monday: AKS, HAL, DGX, AMGN, AAPL, JDAS, TXN, VMW, and ZION...
Tuesday: ABC, BHI, GLW, DAL, DD, EMC, ENR, JNJ, MHP, NVS, NUE, TRV, X, VZ, GILD, MCK, RFMD, SYK, and YHOO...
Wednesday: ABT, BLK, BA, CAT, COP, GD, ITW, SAP, STJ, TEL, UAUA, UTX, WLP, ETFC, GMCR, HOKU, MUR, NFLX, NSC, QCOM, SYMC, TSCO, WEN...
Thursday: MMM, ALK, MO, T, BAX, BDX, BC, CL, EK, LLY, F, GR, LMT, MJN, MOT, NOK, OXY, OSK, POT, TWC, UA, ZMH, AMZN, GNW, KLAC, JNPR, MSFT, and SNDK...
Friday: ACI, CVX, FO, HON, MAT, and PCAR.
Thursday, January 21, 2010
Quick Bounce? More To The Downside
Well tomorrow, we are looking at the Feb 550 Call for less than 43.10 per contract, this would be for quick scalp. Earnings did not change so, and China proposal it is there, but the IBM, AA, INTC, GS drop is in effect. The professionals may run it in the morning and drop it likes it hot before 9:45 AM. Who know, will see in the morning. We current to do hold this trade, and it is not a recommendation or solicitation for this security.
There is also no economic news to the market so it may help with the digestion of the last few days and shorten holiday week.
Earnings Are In Full Swing
Well this is a pretty wild ride and the first time that the market has tanked on the New President. At around noon the President was talking about the White House proposal on "Taxing The Banks". GS was in the front running to the downside, due to the taxing on the bread and butter on the firms income which is "Trading".
Saturday, January 16, 2010
Order Of Earnings
Ticker Price
1 IBM 131.78
2 SLB 70.83
3 CAT 60.12
4 MSFT 30.86
5 JNJ 64.56
Most of these have a potential to sell of into the news of its earnings, it is know that no one should trade on the minutes before the earnings announcement news. Old adage: "Buy The Rumor and Sell The News". Friday's drop in the market due to the earnings announcements of the AA, INTC, JPM, which were for the most part favorable, however. The market, which we believe was trying to full digest the jobs numbers and FED news, also with Monday being a Holiday and the US Market will be closed and re-open for a full trading day on Tuesday with a shorten week. Stocks suffer the worst one-day decline of 2010 so far, led by the financial sector,as 1 in 10 American workers remains unemployed. It could have been far worst than what we saw on Friday, PPT, FED, or GS are they doing us a favor in setting false hopes, feel good it was not as bad has we need it to be.
Trader decided to take some of the gains off the table and move on to the festivities.
With the HFT and TAXES we may see more selling the days to come with April 15th; just around the corner, some will have to pay the taxes from last years gains, if there were any to be had. It is hard to tell in this new age market, adept and trade the hell out of it when it goes your way.
Keep the powder dry and take what the markets give ya!!
1 IBM 131.78
2 SLB 70.83
3 CAT 60.12
4 MSFT 30.86
5 JNJ 64.56
Most of these have a potential to sell of into the news of its earnings, it is know that no one should trade on the minutes before the earnings announcement news. Old adage: "Buy The Rumor and Sell The News". Friday's drop in the market due to the earnings announcements of the AA, INTC, JPM, which were for the most part favorable, however. The market, which we believe was trying to full digest the jobs numbers and FED news, also with Monday being a Holiday and the US Market will be closed and re-open for a full trading day on Tuesday with a shorten week. Stocks suffer the worst one-day decline of 2010 so far, led by the financial sector,as 1 in 10 American workers remains unemployed. It could have been far worst than what we saw on Friday, PPT, FED, or GS are they doing us a favor in setting false hopes, feel good it was not as bad has we need it to be.
Trader decided to take some of the gains off the table and move on to the festivities.
With the HFT and TAXES we may see more selling the days to come with April 15th; just around the corner, some will have to pay the taxes from last years gains, if there were any to be had. It is hard to tell in this new age market, adept and trade the hell out of it when it goes your way.
Keep the powder dry and take what the markets give ya!!
Friday, January 15, 2010
MK Day On Jan 18, 2010
The Financial Markets will be closed . . . See ya all on Jan. 19 2010. IBM is set to report its earnings number, as well.
Monday, January 11, 2010
And So It Beings
| Ticker | Company | Price |
| CAT | Caterpillar Inc. | 62.65 |
| IBM | International Business Machines | 129.59 |
| JNJ | Johnson & Johnson | 64.25 |
| MSFT | Microsoft Corporation | 30.35 |
| SLB | Schlumberger Limited | 70.07 |
IBM, JNJ, MSFT are slow movers and current are moving in the wrong direction from the prior post of Earnings on the way.
Updated Earnings To Come with AA To Start
Friday, January 8, 2010
Fore For Jobs Number
The Labor Department says employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected.
A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at 10 percent, the same as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.
Revisions to the previous two months' data showed the economy actually generated 4,000 jobs in November, the first gain in nearly two years, while it lost 16,000 more than previously estimated in October.
Monday, January 4, 2010
Intra Play Price
| Ticker | Company | Sector | Change from Open | Price | Change |
| CAT | Caterpillar Inc. | Industrial Goods | 1.32% | 58.41 | 2.49% |
| IBM | International Business Machines | Tech | 1.33% | 132.92 | 1.54% |
| JNJ | Johnson & Johnson | Healthcare | 0.23% | 64.86 | 0.70% |
| MON | Monsanto Co. | Basic Materials | 1.32% | 83.45 | 2.08% |
| MOS | Mosaic Co. | Basic Materials | 3.16% | 62.31 | 4.32% |
| MSFT | Microsoft Corporation | Technology | 1.04% | 30.97 | 1.61% |
| SLB | Schlumberger Limited | Basic Materials | 0.69% | 66.85 | 2.70% |
Saturday, January 2, 2010
Upcoming Earnings For Jan 2010 - Addition
| CAT – Caterpillar Inc. - Industrial Goods 1/26/2010  | Industrial Goods |
Upcoming Earnings Reports for Jan 2010
| IBM – International Business Machines - Technology 1/19/2010  | Technology |
| JNJ – Johnson & Johnson - Healthcare 1/26/2010  | Healthcare |
| MON – Monsanto Co - Basic Materials 1/06/2010  | Basic Materials |
| MOS – Mosaic Co/The - Basic Materials 1/04/2010  | Basic Materials |
| MSFT – Microsoft Corp. - Technology 1/28/2010  | Technology |
| SLB – Schlumberger Ltd - Basic Materials 1/22/2010  | Basic Materials |
Thursday, December 31, 2009
Saturday, December 26, 2009
BBY
BBY has in the past dropped like a rock after the Holiday season subsids, will it be the same for this year. The stock on a weekly basis is at the 20-day MA of $40.70; and the 40-day is forming at the $38.26 price level. We will not see the Retail Sales for Dec until Jan 14.Upcoming EcoNews:
| 29-Dec | 9:00 | CaseShiller 20 City |
| 29-Dec | 10:00 | Consumer Confidence |
| 30-Dec | 9:45 | Chicago PMI |
| 30-Dec | 10:30 | Crude Inventories |
| 31-Dec | 8:30 | Initial Claims |
| 31-Dec | 8:30 | Continuing Claims |
Wednesday, December 23, 2009
Tradeable Optionz - Day's Scan for Dec 23rd
| WFMI – Whole Foods Market Inc. | Services |
| IBM – International Business Machines Corp | Technology |
| DE – Deere & Co | Industrial Goods |
| FSLR – First Solar Inc | Technology |
| HGSI – Human Genome Sciences Inc | Healthcare |
| WYNN – Wynn Resorts Ltd | Services |
| V – Visa Inc | Services |
| POT – Potash Corp of Saskatchewan Inc | Basic Materials |
Monday, December 21, 2009
Tradeable Optionz - Day's Scan for Dec 21st
| BA – Boeing Co/The | Industrial Goods | |
| PALM – Palm Inc | Technology | |
| HPQ – Hewlett-Packard Co | Technology | |
| CHK – Chesapeake Energy Corp | Basic Materials | |
| BBY – Best Buy Co Inc | Services | |
| V – Visa Inc | Services | |
| POT – Potash Corp of Saskatchewan In | Basic Materials | |
| ORCL – Oracle Corp | Technology |
Thursday, December 17, 2009
Mid Day's Scan for Dec 17th
| AUY – Yamana Gold Inc | Basic Materials |
| CVX – Chevron Corp | Basic Materials |
| HGSI – Human Genome Sciences Inc | Healthcare |
| JNPR – Juniper Networks Inc | Technology |
| MS – Morgan Stanley | Financial |
| MON – Monsanto Co | Basic Materials |
| COF – Capital One Financial Corp | Financial |
| RIG – Transocean Ltd | Basic Materials |
| V – Visa Inc | Services |
| GG – Goldcorp Inc | Basic Materials |
| KO – Coca-Cola Co/The | Consumer Goods |
| MOS – Mosaic Co/The | Basic Materials |
| PBR – Petroleo Brasileiro SA | Basic Materials |
| ABX – Barrick Gold Corp | Basic Materials |
| WYNN – Wynn Resorts Ltd | Services |
| POT – Potash Corp of Saskatchewan Inc | Basic Materials |
Tradeable Optionz - Day's Scan for Dec 17th
| DE – Deere & Co | Industrial Goods |
| INTC – Intel Corp. | Technology |
| NVDA – Nvidia Corp | Technology |
| SLB – Schlumberger Ltd | Basic Materials |
| POT – Potash Corp of Saskatchewan Inc | Basic Materials |
| FSLR – First Solar Inc | Technology |
| X – United States Steel Corp | Industrial Goods |
Wednesday, December 16, 2009
Tradeable Optionz - Day's Scan for Dec 16th
| STI – SunTrust Banks Inc | Financial |
| IBM – International Business Machines Corp | Technology |
| MON – Monsanto Co | Basic Materials |
| COF – Capital One Financial Corp | Financial |
| RIG – Transocean Ltd | Basic Materials |
| WYNN – Wynn Resorts Ltd | Services |
| V – Visa Inc | Services |
| BBY – Best Buy Co Inc | Services |
Tuesday, December 15, 2009
Saturday, December 12, 2009
Tradeable Optionz - Day's Scan for Mon 14th
Tue and Wed Fed Two-Day Meeting.
BBY on 15-Dec-09 Earnings announcement, so pay attention, do not hold on the 15th.
Thursday, December 10, 2009
Tuesday, December 8, 2009
Click on pic to enlarge.Thursday, December 3, 2009
Ben, Ben, Ben, Ben
Four more years?? Hummm . . . .
Shorten trading day for me, as I have things to do. Trading on Friday should be better. Unemployment numbers are going out.
Today's Completed Orders
Shorten trading day for me, as I have things to do. Trading on Friday should be better. Unemployment numbers are going out.
Today's Completed Orders
| Symbol | Action | Qty | |||
| SPYXG SELL TO CLOSE | 10 | ||||
| SPYXG BOUGHT TO OPEN | 10 | ||||
| SPYXG SELL TO CLOSE | 10 | ||||
| SPYXG BOUGHT TO OPEN | 10 |
Wednesday, December 2, 2009
Today's Completed Orders
| Symbol | Action | Qty | |||
| SPYXG SELL TO CLOSE | 10 | ||||
| SPYXG BOUGHT TO OPEN | 10 | ||||
| SPYLG SELL TO CLOSE | 10 | ||||
| SPYLG BOUGHT TO OPEN | 10 |
Move Along
Well market is pretty much flat these days. Trend bound on the 10 minute SPY chart, between 110.665 and 112.01. We kissed the 112.00 level and have pulled back down the the low of the day of 110.92. At the time of this writing SPY is trading at 111.199. Remember the days when the Economic Data would make the markets so crazy. Days long going. Scapl'em if you got'em.
UUP is currently trading in a trying to filled the intraday gap. S1 22.02 up to 22.13, if we can push up to the 22.1699 this would close the intraday gap open from this morning. On a 10 minute chart. . . .
Beige Book top of the hour 2:00 et
UUP is currently trading in a trying to filled the intraday gap. S1 22.02 up to 22.13, if we can push up to the 22.1699 this would close the intraday gap open from this morning. On a 10 minute chart. . . .
Beige Book top of the hour 2:00 et
Friday, November 27, 2009
Tuesday, November 24, 2009
SPY vs US Dollar
SPY R1 is 111.057 and S1 is 110.375 on a 10-min chart. Dollar is helping out a little which is in a tight range on the 10-min chart of R1 22.345 and S1 22.2885. We have very light volume and the market is down to sideways, if we can break on the 2:00 Fed Notes to the upside we may have a good sail into the Unemployment Numbers and New Homes Sales on Wednesday, time will tell. Play the hand the market dealt ya.
Today's Completed Orders
Today's Completed Orders
| Symbol | Action | Qty | |||
| FYNXK | SELL TO CLOSE | 10 | |||
| FYNXK | BOUGHT TO OPEN | 10 |
Monday, November 23, 2009
Smell The Roses and Ohio State Feel The Pain
Oregon does it again. 2OT over Arizona. BSC raking # 8 from # 11.
Dollar Tanked
Well as the dollar is tanking the market is rising, which is a good thing so far so good. One and half days left until T-Day. Wednesday we have the Initial Unemployment numbers and that is pretty much it for the larger number that should be effecting Friday's session. Most ppl will not be back on Friday so if we do take a hit it probably will not be so bad.
SPY is coming into some resistance at the 111.74 level, more over if we can close above 110.992 and catch a bid to the upside in the next one and half days then 112 is possible relatively quick . . . It appears if we can hold this level gap fill would have the prior gaps from 11/10 - 11/20. Key is for the dollar to drop again for the next one and half days and short covering into the T-Day event, this should be good for the markets . . .
Keep the powder dry . . .
SPY is coming into some resistance at the 111.74 level, more over if we can close above 110.992 and catch a bid to the upside in the next one and half days then 112 is possible relatively quick . . . It appears if we can hold this level gap fill would have the prior gaps from 11/10 - 11/20. Key is for the dollar to drop again for the next one and half days and short covering into the T-Day event, this should be good for the markets . . .
Keep the powder dry . . .
Friday, November 20, 2009
Charts Of The Third Kind
At a glance, the two charts look the same. As in one is going up and the other is going down, Ben and the boys have been propping the dollar. Concerns about the pace of a recovery have dogged the market's eight-month rally but with the nation's unemployment rate now above 10 percent for the first time in 26 years and new worries about housing, the government also will revise its early estimate that said the economy grew.So what is the connection with rise in the dollar and drop in the market (spy), the stronger dollar can hurt commodities prices and sales of U.S. exporters, whose goods become more expensive overseas when the dollar rises.
Will the dollar start to climb and put the spy out of commission for awhile? Amazing!! There was no good Eco-news this week to say the least about and the market ran with it to the downside. Can the govt continue to use these tacky tacky to prop the dollar. If you have ever gone down to the 1 min charts, it is bots wars.
On that note: Volume will be light again next week because of Thanksgiving. Even with the holiday, the week brings a flurry of reports on home sales, unemployment, consumer confidence and demand for big-ticket manufactured goods.
Ding, Ding round $64 thousand dollar question.
Today's Completed Orders
| Action | Qty | |||
| SPYXN SELL TO CLOSE | 20 | |||
| SPYXN BOUGHT TO OPEN | 20 |
Wednesday, November 18, 2009
Closed Order For The Day
The US Dollar was on the move to the upside (comments from Ben B. ongoing) and the Housing Numbers - Bad, Bigger and Better? Well the next shoe is dropping for Residential Housing Market and Commercial is not far behind it, as well. You can not fudge the numbers for to long, the market was taken a back, but the US Dollar is the key to this market.
Today's Completed Orders
Today's Completed Orders
| Symbol | Action | Qty | |||
| SPYXG | SELL TO CLOSE | 10 | |||
| SPYXG | BOUGHT TO OPEN | 10 |
Tuesday, November 10, 2009
AIG - Payout
| Well it is Veteran Day on Wednesday and there maybe a slow trading. Bond market will be closed and Federal Offices . . . We closed out of the following positions and maybe looking to get into them again on V-Day however it maybe a very slow trading day, as it was today. AIG - NOV 09 IKGKH 34 C |
| AIG - DEC 09 IKGXJ 36 P |
Saturday, November 7, 2009
No Trades - Friday
Due to the New York winning the World Series it was better to be on the sidelines, then be in the markets. As soon as the Parade started all the volume and options stopped trading in a normal fashion. I thought is was maybe bad data feed, nope it was not. The first 30-minutes would have been profitable, but would have had to held over the weekend, if it did not work out or if traded any other time during the day.
Unemployment was bad and then a bounce. Hummm. . . . Looking to see a slow to strong start on Monday morning, after the weekend of NY parties. Time well tell and we will have to see.
Unemployment was bad and then a bounce. Hummm. . . . Looking to see a slow to strong start on Monday morning, after the weekend of NY parties. Time well tell and we will have to see.
Thursday, November 5, 2009
10 Cent and Hour
| Shorten day and only three trades for 10 cent and hour of work. AIG - NOV 09 IKGKJ 36 C |
| AIG - NOV 09 IKGKJ 36 C |
| AIG - NOV 09 IKGKK 37 C Those trading computers are killer in the morning . . . We just have to figure out our new plan of attack. Most of the traders I know are back to scapler mode, there is not waiting and see. |
Wednesday, November 4, 2009
All Positions Closed Out
| All I have to say is wow and it seems the spreads are getting larger everyday. SPY - DEC 09 FYNLA 105 C |
| SPY - DEC 09 FYNXA 105 P |
| AIG - NOV 09 IKGKI 35 C |
| AIG - NOV 09 IKGKJ 36 C |
| AIG - NOV 09 IKGKJ 36 C |
| AIG - NOV 09 IKGWL 38 P |
Sunday, November 1, 2009
Oregon - Congrats!! Win over USC
See ya'll at the Rose Bowl. The rest of the schedule is no cookie cutter.
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