Tuesday, February 9, 2010

Oversold bounce

Definitely a oversold bounce here in the market, doesn't feel like a bounce to get higher but a bounce to short. As of mid day all I see is a turn around tuesday based on monday's action.

Sick

Hate being sick. I have no voice!!! rrrggg
Why won't winter be gone with this is killing my sinuses

Monday, February 8, 2010

Nothing new

Nothing new here- Still watching that 1039 number next and it seem like it really wants it. I was out after 2 pm today but the close didn't surprise me after this more jittery news on the financials. The next shoe should be the technology stocks, stay far from them if you are long and you should be short these.

Friday, February 5, 2010

Incorrect 1043

Not 1043 number is 1039.

That's the all important number on the S&P

Banks

The banks are technically breaking down here. They will definitely see lower prices.

1043

That's the magic number for the close. Bulls might be DEAD if we don't close above that number

Travel cancelled

Oh this weather looks dangerous so no travel. Well we traded down to 1050 on the S&P overnight and looks like a bouncey bouncey. The numbers for the employment look dim and I fear we will see more of the same for the next 4-6 quarters as firms are still laying off workers.
Will be watching the $ today of any signs of stability in the Euro zone.