Studio229

Now That’s a Bus

Ryan — Thu, 05 Aug 2010 21:50:43 +0000

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Thoughts Headed into Monday

Ryan — Sun, 25 Jul 2010 20:01:41 +0000

We have entered the land of great looking swing technical setups against the backdrop of shaky economic data and generally good earnings reports. What do we do? There are numerous charts that are very attractive – simple triangles, resistance busters, etc., but economic data reports continue to show that we’re in a slow motion recovery cycle. At the same time, earnings have been strong with somewhat optimistic outlooks.

Then there is the consumer.

There are two numbers I look at when I think about the consumer – Consumer Confidence Index and Employment. If you just look at those, you’ll have a snapshot of the mood of the American consumer and their willingness/ability to spend. Both numbers suck – period. OK… maybe not suck, just not showing improvement.

Look at this confidence chart.. it is a few weeks old, but you get the idea. With this number headed in the wrong direction, I can’t be too eager to heavily positioning myself in long swing positions. This chart is just not bullish.

Read full post at BullsOnWallStreet.

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Desk For Sale

Ryan — Tue, 06 Jul 2010 22:43:40 +0000

Solid wood desk in good condition. A few minor scratches (wear) and cup rings on finish (see below). Large workspace 60″ wide x 30″ deep. Includes keyboard drawer.

$50

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Latest Market Thoughts

Ryan — Wed, 30 Jun 2010 23:45:02 +0000

Latest Market Thoughts.

Bahh, humbug!

I don’t have to tell you that today was ugly (unless you were in the Boom Factory and played some TZA today) as most traders continued to move out of securities and into cash/safe havens on fairly significant volume.

Fear loomed as the SPX closely challenged 1040 until finally the succumbing to the pressure with only 30 minutes left in the day. It was like a black hole – you can circle it all you want, but eventually you’re just going to lose out to the overwhelming gravitational pull.
However, once we did plummet into 1040, we opened our eyes and realized that 1040 may not guarantee doom and gloom. With this eureka, a few buyers came in just before the bell.

Read the rest of this post at BullsOnWallStreet.com

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Market Still Unsure – Same Ol Story

Ryan — Thu, 24 Jun 2010 04:40:43 +0000

Hello, fellow Bulls.. bears, opportunists, whatever

Before I get into my current market read, I must say that I’ve really enjoyed the Boom Factory this week – great traders having a good time. Makes me excited about Bulls 3.0 that will be launched next month. Good times.

Ok, so what’s up with the equities market? Nothing good. That’s for sure. Feels like we’re consistently releasing disappointing economic numbers (housing, etc) and not much has changed in the news – Europe is a mess; Gulf is a mess; Financial Regulation is in limbo; consumers are nervous. The story is the same, but the day is different. So, at the risk of sounding like a broken record, I’m not swinging overnight and am continuing to search for intraday pops.

Quick read of the SPX – neutral to bearish in the near term. It’s currently trapped between SMA20 and SMA200 with unattractive MACD and RSI14 dropping below 50. There is, however, some horizontal support here, but it is weak.
Tomorrow morning, there are two things I’ll be watching – if SPX holds SMA20 and the economic reports scheduled to be released before the open -

Durable Goods Orders – M/M change consensus -.5% range -2.5% to 1.5%
Jobless Claims – New claims consensus 465k range 445k – 470k

These two data points will likely shape the morning and will offer a gap up or down in all livelihood.

Read the rest of this post at BullsOnWallStreet.com

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Market Congested and Nervous (still)

Ryan — Tue, 22 Jun 2010 04:44:21 +0000

Still Congested. Swings are tough and scalps aren’t much easier.

Today was another tough day for traders eager to find direction in an overall messy market. The SPX hasn’t experienced 3 or more consecutive up days since early April and is still trading under its SMA50. More importantly, it hasn’t convincingly moved through SMA200. Since the close above SMA200 last Tuesday, we have basically moved sideways. In fact, today the SPX finished below last Tuesday’s close. We’re treading on thin ice.

Read the rest of this post at BullsonWallStreet.com

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Moving Sale This Saturday 6/19

Ryan — Tue, 15 Jun 2010 01:35:19 +0000

I’m moving downtown to a smaller place, so it’s time to sell almost everything I have…

Clothes
household items
electronic equipment (dvd player, 2 stereos, etc)
miscellaneous tools, lawn items
patio furniture
bar-b-que pit
card table with chairs
60 gallon aquarium with stand (perfect condition)
Ikea “L” shaped couch
Office Desk

And more!

Garage sale starts at 8am, Saturday, June 16th.

Contact me if you’re interested in seeing anything prior to Saturday. contact page

I’ll post a map here the morning of the sale.

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Movie Night: Iron Man

Ryan — Fri, 11 Jun 2010 04:36:49 +0000

When the first Iron Man came out a few years ago featuring Robert Downey Jr., I figured it wasn’t going to be much. Not that I don’t like Robert – I do. The previews just looked a little kid-like and I could only imagine having to sit in a theater full of little angels screaming at the screen. No thank you. I wasn’t willing to take that chance AND have to pay for it. Then Iron Man 2 came out. At this point, I was now two movies behind and starting to feel like I was left out of something.

So, over the weekend, I rented the first Iron Man so that I would be ready to watch the second. It was great – not original or unpredictable, but it was very entertaining. Oh, I guess there was one plot twist that had to do with his partner, but overall, it was a very simple movie that didn’t challenge your mind much. Iron Man runs in the same vein as Bat Man and James Bond. You have the stud guy with all the toys, ladies, and money anyone could possible want, who also has a burning desire to save the world. Yeah, right.

Anyway, this was a good movie and I’m looking forward to watching Iron Man 2 in theaters. And, damn that Audi is a fine looking piece of machinery. 3 outa 5 stars.

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Best Movie Theater Experience U Can Have

Ryan — Mon, 07 Jun 2010 23:31:56 +0000

Check out this new movie theater in Austin, Tx. I think there are others around the country and now we have one here. It’s definitely over the top and maybe a little ridiculous (could easily cost you $100 for two with dinner and a drink, or two). If you want to check it out, you should sign up for the FREE membership club. It gets you a free ticket on your birthday, 1/2 price food on Tuesdays, and a few other little perks.

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The Red Zone

Ryan — Mon, 07 Jun 2010 23:20:23 +0000

As feared, the market failed today and repeated the bear dance we saw on Friday. If we look at the world around us, how could it have gone up? Should we really expect a rally? If you look at the macro picture, nothing has changed from last week. Here are some of the obvious issues weighing heavy on investors (note: unknowns are often worse than bad news):

Employment numbers sucked Friday no matter how you shake it.
Unknown – what will the fed’s final version of financial regulation look like?
Europe – you know the story here. More countries popping up on the could-fail radar
Euro – under 1.20. The global markets are all watching the euro hoping we’ll see some stability – again, an unknown factor that could have major implications on the global recovery
Oil leak in the gulf – let the unknowns pile up - a disaster and emotional downer on all fronts. Besides the catastrophic environmental fallout, what will become of the gulf coast economy, legislation, the energy sector, etc.
Natural gas line explosion today – more downer news
China – unknown. Not doing a great job of convincing us that their growth with continue on a strong clip
Obama in Iran? Maybe. Think of all the unknowns that opens up for us.

Read the rest of this post at BullsOnWallStreet.com

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