Paul Vocker

Former Chairman of the Federal Reserve and Master of the Financial Universe, Paul Volcker, said this morning:

"We are back in the 70s or worse if confidence in the Federal Reserve is lost."

This means to me that we are back in the 70s.

Watch out far, far below if the CONSEQUENCES of the Fed actions are realized. They will be!

I listen when Paul Volcker speaks, and I suggest you do the same. It was Paul Volcker who motivated traders to leave gold for 15 years.

Trade Update OEX puts

Closed $3. I am holding into tomorrow


Sweet up almost 50% in a day.


ONLY WINNERS HERE!!!!!!!

Market Update

That was the right play to buy those puts into resistance. The tech stock are taking a HUGE hit since this morning.
Nothing like resistance and support!!!

Trade call Update :OEX puts

They are bidding 2.50 into the close I will hold till tomorrow.

Bulls are in charge here

Bulls are in charge here as we are now at that 2524 number on the Nasdaq I have been speaking about for weeks.
S&P number is just 5 points away @ 1425. This would be bullish if we close above these points

Agros

Agros are in play today.
POT, AGU, MOS and MON all up.

Sector I love longer term

OEX Puts

buying OEX 645 puts here @$2.15. market into heavy resistance here

Fed next move

I think there is a good chance the rate cuts are DONE. I think the next move by the FED will be a 1/4 point rise in the interest rates.