Suckers are playing the futures market right now. They can do a 180 reversal if Asian trade is strong, SHIBOR rates drop again and if European markets go up. The yen has been a non-story over the past week, weakening into the decline–a very odd thing indeud. Gold and silver look okay as of now. But the big story is bonds.
Will TLT trade up on monday? For if it does, the market will surge.
As far as stock picks are concerned, I like IMMR, AMBA, FWM, YELP, USG, HOV, BZH, TXI, APO and maybe a little ABV and WNR for good measure.
But I’m not buying any of them, save IMMR. I will average in and then get the hell out. It’s not that I don’t like the stock and feel the company isn’t doing well. It’s just that this market isn’t “good”, in the traditional sense. Therefore, I’d rather spend my time frolicking around the country this summer, than lamenting over the retarded investment communities of the world.
NOTE: S&P futs are -7 below FV
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ALDW for your perusal oh great refiner scalper!
Ummm, the market hasn’t been good in a “traditional sense” (ie, price supported by Rev and EPS) for years.
I’m not contemplating anything until Kong weighs in.
oops comment below is to you.
You are not contemplating anything, period… go read my blog, it needs editing you know..
Kong is a good blogger, even though I don’t trade Forex…
Yes, Kong had this trend nailed before anybody
And it’s not a matter of “trading forex”. Kong saw the “risk off” macro move before anybody.
Nah, Kass was first a couple of years ago đŸ™‚ I remember
Trading Nymph saw it in April 2009. Recognize, bishes.
Apologies, you are correct.
“My children…I have finally shat today. It took 3 long days to pass but the Taco Bell (YUM ticker) finally came out.
The solution was to fill my toilet bowl with sparkling water, Pellegrino to be exact, and watch as my logs became crystallized with bubbles and they plopped into the toilet.”
-Paula Deen
Hey Jeremy, I’m not sure if its just me but the ibankcoin app seems to be out of date. Would love to see devil and option addict added and chess moved up to the front of the que. it’s also a bit clitchy for me sometimes. Feeds don’t refresh and can’t post or read comments. I use it every day at work where I can’t log into my ppt account.
Nikkei is making a great basing pattern. (No cock n balls)
Grand Canyon guy made it across… Therefore the down 1000 point day is off the table.
where’s OA at ?
10 year at 2.6
TLT will reverse for the safety trade, but not yet, No panic!