What the $%@&* Trading!

Weekend Reading 1/28/12

AJ — Sat, 28 Jan 2012 20:30:03 +0000

“A new poll says 84% of Americans disapprove of Congress’ job. The other 16% weren’t aware Congress was doing anything.” — Jay Leno The Dangerous Notion That Debt Doesn’t Matter In a related matter… Nothing From Nothing Oh no! Fed Signals That a Full Recovery Is Years Away Oh shit! US Government Will Go Bankrupt [...]

Oh my! FOMC

AJ — Wed, 25 Jan 2012 23:37:26 +0000

Outside projects have kept me away from the trading desk the last week, but I always keep an eye on the markets and review them every evening. And boy did the FOMC ever grease the wheels today! What a launch into the stratosphere! I’m betting a little downturn is imminent. I’ve got no money on [...]

Weekend Reading 1/21/12

AJ — Sat, 21 Jan 2012 20:22:22 +0000

“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -– Ronald Reagan Dogs with Fleas are Running This Market New Normal on Wall Street: Smaller and Restrained Volatility…Too Much of a [...]

Going for a ride?

AJ — Tue, 17 Jan 2012 14:55:27 +0000

With bullish China, bearish earnings and a shortened option expiration week, this should be some ride. Feeling kinda toppy here though. As it’s OpEx, I’m probably watching more than trading….and I’m hoping to see more volume and more volatility. Happy Trading!

Weekend Reading 1/14/12

AJ — Sun, 15 Jan 2012 02:01:06 +0000

“The economy is so bad that the highest-paying job in town is jury duty.” Amen, brother!!! Shut Your Mouth, War Is Hell What recession? Atlantic City casinos post revenue gains for the first time since 2008. C’mon inflation! Why Economists are Rooting for Inflation What’s with the banks? Bank Stocks Popular Again? Look out! It’s [...]

Somethin’ happenin’

AJ — Fri, 13 Jan 2012 23:40:04 +0000

It’s amazing that on a day like today, 171 stocks closed at their all-time highs! Man…that looks bullish. Of course, when it “looks” bullish is the best time for bears to throw us into reality. 34 stocks closed at all-time lows. Still looks like the bulls are in control. And that close on Friday was [...]

Zzzzzzzz…..

AJ — Thu, 12 Jan 2012 03:22:39 +0000

Except for the big gap up on the first trading day of 2012, it’s been a pretty narrow range for the week and even narrower ranges for each day. Slow trading on low volume Boring! Need to get some volatility in here to get the blood pumping!

WTF?

AJ — Tue, 10 Jan 2012 01:05:37 +0000

It was my first losing day this year. I shouldn’t have tried….low volume, narrow range, choppy market. Oh well, learn from my mistakes. AA had a losing quarter which may not go so well on Tuesday…after such a good day on Monday…before the report. There’s still a lot of momentum for the bulls, so let’s [...]

Weekend Reading 1/7/12

AJ — Sat, 07 Jan 2012 01:47:11 +0000

Really? U.S. Economy Gains Steam as 200,000 Jobs Are Added and U.S. Economy Adds 200,000 Jobs In December As Jobless Rate Falls To 8.5 Percent Why? Stocks end mostly lower despite upbeat jobs report Searching for Financial Advice Online Another why? Why Super Bowl Ads Keep Getting More Expensive Watch what you tweet: SEC Clarifies [...]

Welcome Back!

AJ — Tue, 03 Jan 2012 23:36:05 +0000

Happy New Year and Welcome Back My Friends to the Show that Never Ends! It was an exciting day….starting off with a clean slate, we were all at the same starting point. But from there it all began to change. Big gap up open was hard to hold on to….the Dow made a 5-month high [...]