Online Stock Trading

Tuesday Action

Sellers did not come in droves today…Liked the action on IIG
Still the inverted yield curve persists, this latest attempt to rally will probably die slowly. 1998 was the last time the yield curve inverted and the market didn’t go down…2 years later it did again and BAM! Nazzy gets sliced in half!
Corporate […]

Market Action

The beginning of the day started much to my delight…
Rus 2k started to make a move positive at the turn of the afternoon. However, all major avgs couldn’t rally into positive territory at the end of the day…although this does not cut down the prior moves it does add a question mark […]

Google finds support at 200dma / Late day rally

GOOG rallied hard off of its 200 dma…shows strength and support. Next stop should be its 50dma but first I would like to see follow through action to confirm this support.
HPQ and JC Penny helped rally stocks at the end of the day…Positive earnings outpaced negative at a 3 to 1 margin. Dow […]

Software&Tech&Markets

HPQ earnings points out a key driver for growth…software sales…
HPQ should give a lift to the TECH sector, GOOG will still weigh down the markets.
Keep a look out on Price/Volume/Market leader action this week.

State of the Markets

Today’s rally was short of impressive. Market leaders and volume were no where to be found. Nasdaq and NYSE volume failed to crack the 2 bil share level.
What to look for:
Action in the next few days. I’d like to see another follow up rally with stronger volume. Time frame, next 3-7 […]

When USAToday…

There are always opportunities that come knocking here is one:
USA today is calling for the dollar to decline here…saying its a good bet with everything to worry about. The problem: it’s already baked, mkts know this info and price it. USA today is thinking its clever by revealing this great “info.”
See the article here:
Links

Panic!!!

My acct. is going in the wrong direction here!
Still holding on to GOOG calls and GM puts.
I have a large position in the Russell 2k.
Nobody has made money panicking, mkt is churning…

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