Early close tomorrow. I think prices get pushed around on Wednesday (even call as to up or down). Thursday's close allows ex-US indexes to rally hard. If not for the jobs report, we would likely gap up above the 'fidy' on Friday. Instead, we'll see 'firm' futures, followed by a fake-out drop on 530 am numbers, followed by a real rally that leaves Nellies in the dust.
It's gotten to the point where I wouldn't even know whether we rally on 'good' or 'bad' employment numbers. And neither does anyone else. It's a casino, and the only true edge is whatever 'works' for each trader.
Then again, traders could just say, '---- it' and get the rally started tonight. Let's face it. The market is READY to move up. All this 'close to new highs' or 'barely above new highs' crap is for slackers. We need a 'get out of my way this is for real' rally that leaves no doubt!
Don't ya love how these guys testilying in front of Congress are only asked questions where the answers are already known? These are all scripted side-shows.
BAH - I think I see a number of charts like this one, wonder if all these are going to break to the upside, run flat forever, or, well, rinse and repeat?
Keith McCullough @KeithMcCullough48s Latest on $LINE http://www.4-traders.com/LINN-ENERGY-LLC-9880/news/Linn-Energy-LLC-Wohl-Fruchter-LLP-Announces-Investigation-of-Linn-Energy-LLC-17067380/
So I'm hearing rumors about how some companies are preparing for tighter emissions standards, and have seen just a couple examples of what may be coming to recreational areas in the next round of new technology:
After overnight plunges in the Asian and European indexes, the DJIA and SPX put in a positive day! The ultimate bull scenario includes periodic media scares, ideally timed just prior to indexes launching to new heights. We should see a rally on Friday, which will be attributed to either a good or bad jobs report- but that’s hogwash. The real reason? Investors are ready for new highs.
CP, what don't you like about the life insurance company charts?
They've definitely had great moves since last June - MET's up 65% for example, but the charts of the 2 life insurers I own don't look bad to me (not the broadest sample, but there is no ETF).
MET - looks like it breaking to the upside out of its channel NWLI - bounced off the bottom of its strongly uptrending channel
MLER - This one has to be an even worse idea than CPST, although there might be something to the earlier idea of powerful and light weight emissions engines for recreational vehicles.
Maybe people really like their giant 5 person jet skies more than I realize, but sheesh, haven't jet skies almost become boats by trying to meet EPA requirements? Not just heavy four-stroke engines, manufacturers have even had to fit them with superchargers just to make them palatable?
CP, don't worry about the broker article. Broker's are good for getting detailed info on companies, but their analysis is often market following and not goof for investing.
Early close tomorrow. I think prices get pushed around on Wednesday (even call as to up or down). Thursday's close allows ex-US indexes to rally hard. If not for the jobs report, we would likely gap up above the 'fidy' on Friday. Instead, we'll see 'firm' futures, followed by a fake-out drop on 530 am numbers, followed by a real rally that leaves Nellies in the dust.
ReplyDeleteIt's gotten to the point where I wouldn't even know whether we rally on 'good' or 'bad' employment numbers. And neither does anyone else. It's a casino, and the only true edge is whatever 'works' for each trader.
DeleteThen again, traders could just say, '---- it' and get the rally started tonight. Let's face it. The market is READY to move up. All this 'close to new highs' or 'barely above new highs' crap is for slackers. We need a 'get out of my way this is for real' rally that leaves no doubt!
DeleteClapper - "The NSA doesn't spy on millions of Americans." and, "The check is in the mail"
ReplyDeleteDon't ya love how these guys testilying in front of Congress are only asked questions where the answers are already known? These are all scripted side-shows.
DeleteSCCO - Getting closer to $25
ReplyDeleteAPA - I'd have to buy this one if it returned to low $60's
BAH - I think I see a number of charts like this one, wonder if all these are going to break to the upside, run flat forever, or, well, rinse and repeat?
ReplyDeleteInsurance Life - Drawing caution from negative chart patterns.
ReplyDeleteWAG - Maintain negative view
UCO - That's a big jump.
ReplyDeleteThe ultimate bull market open. Egypt, Portugal and China batter futures overnight, thus shaking down a few more Nellies.
ReplyDeleteDomestic sectors are in downtrends.
DeleteIt stops somewhere, just don't know where.
http://www.youtube.com/watch?v=pesIGuV9DDk
Three days now, can't get streaming quotes page to load, that sucks.
ReplyDeleteAlmost as bad as being unable to stream movies on NFLX.
DeleteSix of one..... Yet another toss-up! ;)
DeleteChanged browser, works fine.
DeleteDivy income?
ReplyDeleteBBEP: pays 1.90 reached now 52 wk low today, well defined stop at support of 14.95
Oilers are getting beat up.
Does this one have something to do with LINE?
DeleteWell THAT was a broken trade....
DeleteNothing to do with LINE then. I don't get it.
DeleteThis comment has been removed by the author.
DeleteExcept they're both in the energy sector and getting killed today
DeleteOil up / oilers down, sounds almost like a hedge play, similar to long PM's and short miners.
DeleteMakes me wonder if oil is about to make a spectacular splash down as Brandt was anticipating?
I just can't imagine $65 oil, what's wrong with me?
NES...Nah, can't be anything...
ReplyDeleteInsiders dumped(ing)? Has the old man moved on to greener pastures?
DeleteHow's X+3B doing these days?
MUX/GDXJ - Is the selling finally done, or just another bounce?
ReplyDeleteSEP - This one's going to provide the entire planet with oil, apparently. Last man standing.
ReplyDeleteLINE - Wow, was kinda overpriced, eh?
WLL - This one gonna get clobbered too?
The KNDI man can. Long at $5.22 to $5.40...avg $5.30 so far.
ReplyDeleteDang, I be down about a K if I hadn't stopped out yesterday. LINE is really sucking wind.
ReplyDeleteStraight LINE down, glad I'm just watching.
DeleteCECO got the AM spike again. Should just about buy it every morning and sell into it
ReplyDeletePBR - "Petrobras PN: No surprise: maintenance weighs on production again."
ReplyDelete1604 to 1618, seems volatile, as noted a couple days ago. Great for day trading, especially if you think the arrow is up. I guess.
ReplyDeletewhoa. what's the deal with LINE?
ReplyDeleteKeith McCullough @KeithMcCullough48s
DeleteLatest on $LINE
http://www.4-traders.com/LINN-ENERGY-LLC-9880/news/Linn-Energy-LLC-Wohl-Fruchter-LLP-Announces-Investigation-of-Linn-Energy-LLC-17067380/
10 minutes to go, market is closed tomorrow.
ReplyDeleteGMO - I have an asterisk, is it halted?
ReplyDeleteAsterisk on TXT as well, must be a new feature or something.
DeleteLow emissions recreational vehicles...
ReplyDeleteSo I'm hearing rumors about how some companies are preparing for tighter emissions standards, and have seen just a couple examples of what may be coming to recreational areas in the next round of new technology:
http://www.freedom-motors.com/
After overnight plunges in the Asian and European indexes, the DJIA and SPX put in a positive day! The ultimate bull scenario includes periodic media scares, ideally timed just prior to indexes launching to new heights. We should see a rally on Friday, which will be attributed to either a good or bad jobs report- but that’s hogwash. The real reason? Investors are ready for new highs.
ReplyDeleteCP, what don't you like about the life insurance company charts?
ReplyDeleteThey've definitely had great moves since last June - MET's up 65% for example, but the charts of the 2 life insurers I own don't look bad to me (not the broadest sample, but there is no ETF).
MET - looks like it breaking to the upside out of its channel
NWLI - bounced off the bottom of its strongly uptrending channel
BB, that was just a note I noticed from the sea of crap my broker gurgitates. Didn't read the article so I don't know what they think they saw.
DeleteI can look for the article before it rolls off into the bit bucket, if you're interested...
NLY - Man I wish they'd just go ahead and guillotine this thing and frickin' get it over with....
ReplyDeleteLooks like the market thinks XCO got the better end of the deal.
ReplyDeleteMLER - This one has to be an even worse idea than CPST, although there might be something to the earlier idea of powerful and light weight emissions engines for recreational vehicles.
ReplyDeleteMaybe people really like their giant 5 person jet skies more than I realize, but sheesh, haven't jet skies almost become boats by trying to meet EPA requirements? Not just heavy four-stroke engines, manufacturers have even had to fit them with superchargers just to make them palatable?
The perfect vehicle for the La-Z-Boy Investor, designed with your mind, in mind.:
ReplyDeletehttp://streetracingisnotacrime.com/youre-an-idiot-if-you-dont-buy-this-dodge-ram-with-la-z-boy-seats/
CP, don't worry about the broker article. Broker's are good for getting detailed info on companies, but their analysis is often market following and not goof for investing.
ReplyDeleteHope everyone has a nice 4th. Bought all the fireworks last night with the kids. What a blast! :)
ReplyDeletenew post
ReplyDelete