Wow LEHMAN going to file for BK. Wow this is great lets just make JP Morgan take over everyone and run the country :) just joking. We are in serious trouble here folks economically, futures are down over 320 points on the DOW as of 8: pm sunday night. What do we do? Well I have been saying for awhile DONT touch financials, I am sure many will say this is the bottom but I think the financials are dead and wont make money for another 3-4 years.
I am think for sure after tomorrow everyone will come out and say we will test the July lows but I will say this again we will see and blow through the July lows, as it is my opinion we are going much lower.
I have some TWM (Russell ultrashort) and SKF (very small) and a few options which should open up nicely tomorrow. I might consider taking 1/2 off as the fast money might want to try and pick bottoms here.
Tomorrow should be crazy that's all I know :
MARKETJEDI
Sunday, September 14, 2008
Friday, September 12, 2008
Friday Morning
Well with 15 minutes go to all they are talking about is LEH demise. Hope that helps our MER puts which are a DOUBLE. Lets see how they move us after the first hour or they want us much lower. Yesterday rally was BS, it was just a 9-11 rally believe me. Today will tell the real story.
MARKETJEDI
MARKETJEDI
Thursday, September 11, 2008
Thoughts
Ok here folks. Here is the deal. We got a rally off the test of the July lows on the S&P today and yep many will say it was the bottom again. EEEEE nope WRONG, not so easy. The most we hope for is 1305 on the S&P which is possible if we can get in gear but it will only trigger selling.
Today the RUSSELL struggled to get into positive territory, that to me says alot. Again 750 SHOULD once again be resistance but I might take 735 as I don't know if we can really get a push higher. We got our 9-11 rally lets see what we do tomorrow. I think if we gap up we can safely short it especially the banks and the RUSSELL if you trade futures.
We rocking here on the BLOG folks, the winners are racking up some huge percentage.
Today the RUSSELL struggled to get into positive territory, that to me says alot. Again 750 SHOULD once again be resistance but I might take 735 as I don't know if we can really get a push higher. We got our 9-11 rally lets see what we do tomorrow. I think if we gap up we can safely short it especially the banks and the RUSSELL if you trade futures.
We rocking here on the BLOG folks, the winners are racking up some huge percentage.
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