What the $%@&* Trading!

Who’s Hurting?

AJ — Sat, 04 Sep 2010 18:49:23 +0000

If you’re unemployed you’re most likely a man, and a white one at that! Check out this WSJ Interactive Graph and watch the unemployment number grow, first by sector and then by gender. The charts show who has been hit the hardest!

Long Weekend Reading 9/4/10

AJ — Sat, 04 Sep 2010 13:13:44 +0000

“President Obama said he can’t walk around with his birth certificate plastered on his forehead. Apparently he was reacting to new polls that show 1 in 5 Kenyans now believe he was born in Hawaii.” – Jay Leno Nonfarm payrolls drop by 54k in August, jobless rate rises to 9.6 pct Jobs Data Provide Hope [...]

Tomorrow!

AJ — Fri, 03 Sep 2010 01:48:59 +0000

Yes, it’s all about the employment numbers on Friday. Are we overbought?….but is it a good overbought? The kind of overbought we got into in mid-March 2009? Friday’s reports will tell us. All the news has been “not bad” the past 2 days…and if we can get another day’s worth, boy oh boy, we may [...]

Enjoying the bounty

AJ — Thu, 02 Sep 2010 03:13:41 +0000

Days like today are so much fun! Isn’t it wonderful what a little good news can do in an oversold market! Now can it last for another day or two and takes us into the holday all happy and giddy? China PMI got the ball rolling yesterday, but strangely enough, the China market didn’t think [...]

I seen the needle and the damage done

AJ — Wed, 01 Sep 2010 01:55:00 +0000

The stock market is the biggest junkie in the world. The Fed says that we don’t need no stinkin’ quantitative easing, which should be good news, but the market quickly goes into DT’s and trembles all the way down. “But every junkie is like a setting sun.” No QE means a strong economy, it means [...]

Just another manic Monday

AJ — Tue, 31 Aug 2010 02:11:12 +0000

It was just another Manic Monday, until the last hour, when indexes closed at their lows….on very low volume. It was a slow-motion crash. We’ve got a load of economic news coming starting tomorrow: Home Price Index, Chicago PMI, Consumer Confidence and FOMC minutes. The question is, will good news or bad news make the [...]

Reaction vs Reality

AJ — Mon, 30 Aug 2010 02:02:10 +0000

The news continues to suck, with GDP, consumer sentiment and speeches to confuse everyone. But, stocks still rallied. As we say, sometimes the reaction is more important than the reality. Traders did take a quick trip down to test that 1040 S&P level. That level has been tested several times the last 3 months. We’ve [...]

Weekend Reading 8/27/10

AJ — Sat, 28 Aug 2010 15:42:47 +0000

After a crazy week with sucky news, try to relax, eat, drink and be merry! When bad is good. How to read Bernanke’s Jackson Hole Speech. Stocks Surge, And Bonds Get Crushed: Here’s What You Need To Know. Perception Versus Reality. Ever wonder what a “prop trader” does? Wall Street Whispers: A Proprietary Problem. Beware [...]

Trading some ETFs

AJ — Fri, 27 Aug 2010 01:33:48 +0000

I like to daytrade the index ETFs….y’know, TNA/TZA BGU/BGZ SSO/SDS and a multitude of other bull/bear pairs. Depending on how the market is doing, I jump on either the bull or bear ETF and scalp it for as long as all day sometimes….and other times for 60 seconds….sometimes for a profit and other times for [...]

Slick oil

AJ — Thu, 26 Aug 2010 02:34:43 +0000

One of those weird days when gold, oil and the dollar, along with stocks, were up! As expected Durable Goods and the New Home sales sucked. Unexpected was the big oil inventories build-up, which sunk oil prices. But, like the last time this happened in late May, traders saw opportunity and started buying oil futures. [...]