What the $%@&* Trading!

FB! It’s Time!

AJ — Thu, 17 May 2012 22:54:15 +0000

Put buying accelerated on Thursday as doom and gloom was overtaking all traders. And it really showed into the close. Nasdaq (NQ) got bitch-slapped taking the brunt of the beating…. ES touched 1300…and the YM had its worst day since January. The VIX hasn’t been this high since last year! Was that the capitulation low? [...]

Getting Greece’y Around Here

AJ — Wed, 16 May 2012 01:30:41 +0000

About a half hour before the cash open today, ES futures were ready to gap up about 8 points. By the close we were down 6 points. The good news? We closed up 3 points off the lows! So much for Turnaround Tuesday. The morning and early afternoon showed some promise after a decent Retail [...]

History tell us we’re wrong!

AJ — Mon, 14 May 2012 22:44:32 +0000

According to the Stock Trader’s Almanac, the Monday after Mother’s Day the Dow has been up 14 of last 17 years…. and the Monday of May expiration, which today is also, the Dow has been up 20 of last 24 years. So, history has shown us that we did wrong today! We moved lower on [...]

Just Take Care Of Us

AJ — Tue, 08 May 2012 00:03:15 +0000

Europeans, specifically France and Greece, have spoken and have said: “I don’t want to work, just take care of us!” Ironically, they have all found jobs with the Obama campaign! Markets really didn’t like that news overnight as they felt around for a new low. Traders though decided not to go with popular opinion and started [...]

Weekend Reading 5/5/12

AJ — Sat, 05 May 2012 14:13:35 +0000

Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing. — Denis Waitley Same old, same old. U.S. Added Only 115,000 Jobs in April; Rate Is 8.1% Over [...]

A nothing kind of week?

AJ — Thu, 03 May 2012 03:08:09 +0000

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding. Tuesday we had some relief with good ISM numbers. although the markets had a good run up during the morning, it was all given back by [...]

A wimpy month close

AJ — Tue, 01 May 2012 02:25:21 +0000

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding. So here we are…May…have you started your Christmas shoppimg yet? Acording to the Stock Trader’s Almanac, the first trading day in May has the Dow up [...]

Weekend Reading 4/28/12

AJ — Sat, 28 Apr 2012 12:56:10 +0000

“We cannot change the cards we are dealt, just how we play the hand.” — Randy Pausch Oops! Economic Growth Slowed To 2.2% They deserve a pity party? Nightmare On Wall Street. Can they recover? Is NetFlix Doomed? What social networking is all about. The Flight From Conversation This makes Wall Street blush. Lehman Bros. [...]

Tuesday’s Gone with AAPL

AJ — Wed, 25 Apr 2012 00:03:57 +0000

Tuesday’s Gone with AAPL. Many traders have been shorting AAPL into earnings…and the report was a blowout…crushing estimates by a good margin. AAPL closed down over $11 dollars at 4:00PM and then bang! Up $40! For the last couple of weeks the markets have been following AAPL, as in as goes AAPL so goes the [...]

Monday Blues

AJ — Mon, 23 Apr 2012 21:46:05 +0000

Traders got bitch-slapped Monday morning as no-news was bad-news. Well we did confirm a recession in Spain, so traders bailed out of the market. The German DAX led the way this morning, but after the European close, U.S. markets recovered somewhat. The S&P (ES futures contract) closed down -12.25. We have an FOMC meeting starting [...]