Yes, We Are Going Below Dow 10,000

Sheeeesh.  My head is spinning.  Sorry I missed you guys these past two days.  I was getting audited on Monday and Tuesday (by external CPA, not IRS yet… they can go bug  ), then just had to take Wednesday off.  Ten hours straight of crunching and balancing numbers is not fun.  If I see another spreadsheet or receipt by Sunday I might go postal.  Funny thing is, starting next Monday I’ll be doing an internal audit of another company.  Hmmm, I used to think numbers were awesome, but now I’m just about burned out.  I can’t wait for this season to turn around so I can get back to more aggressive trading.  

Speaking of numbers, we are back at that famous 10k point on the Dow.  It’s quite possibly the most influential psychological number out there.  It’s just a number.  But that’s usually a good number to spot a lot of exits on dumb money.  So for now, don’t try to fight it and buy this week’s dip.  Play it conservative as the money changes hands.  I like shorting here and holding until you get a reasonable 8-13% gain.

I got more data on the IBD 100 coming up later once I get all these other numbers cleared.  I just   Busy busy busy busy. 

There are a ton of companies out there that reported that you should check out.  Mainly I’ve been reading up on Amazon.com here and there on the stationary bike, and they’ve reported some interesting numbers.  I like to use them to tell me something about the balance of power in the retail industry.  With holiday sales contributing to AMZN’s 40% gain in revenue for the fourth quarter, I hardly imagine that their Kindle (digital book) has anything to do with it anymore than the fact that bargain hunters shop online more than in brick-mortar stores when the economy is down.  Nevertheless, impressive numbers by AMZN as they smashed a lot of analyst predictions.

Wow my mind is everywhere.   Someone slap me.  Happy trading!