The Dow hit new highs today, but most of my stocks were lower. They weren’t down enough to alert me to danger. They were down just enough to depress me into second guessing my bullish stance.
Stocks reversed sharply off their highs, with stocks like AAPL vomiting it all up into the bell. My “big winners” were WM and PEP–truly a sad state of affairs.
After being up more than 1% this morning, slowly but surely, I gave it all up and closed at the absolute lows of the day, off by 0.5%. The big winners were commodities, a sector I have been avoiding.
While it’s true, we are in a bull market. It’s also true, this is one hell of a stock pickers tape. It is not easy.
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Could all change for the better.
Tomorrow is Yelp Day n’est-ce pas?
This will cheer you up
http://youtu.be/FImKuGz3n9k
Titty Titty, Bang Bang
a rare moment of depressing candor fm Senor T.
TRIP after hours.
YELP in what appears to be a descending (bullish?) wedge… but might it still retest the lower trendline? Or break out? We shall see soon:
http://screencast.com/t/NcrVsmRC
Now that is some music right there. Glad someone (other than me) posted it online.
There are certainly winners to be had.
Doesn’t change the fact I feel like I’m being slow boiled with every position I take.
It starts out feeling so warm and luxurious!
Apple has been down 14 of the last 16 days, had blow out earnings and the volume on the sell off is slowing right down. I think it’s time for a bounce.
I sold down half my exposure today…now just 50% invested, all in GDX. Looking for my opp to get out of that too….down 3% for the year now and plotting my eventual, but very careful, return.
http://youtu.be/nMnvhfTuVG4 sir fly,for your confort.
Ladies & Gentlemen,
This is what is technically known as “Distribution”.
I know it feels like something else, but it is not anything but “Distribution”.
Look it up if you don’t know what that means.
Yours truly,
Scott
Scott, stop being so un-American and just buy some stocks. This negative stance you’ve been on for the last 6 months is very unhealthy.
Ask not what your country can do for you but how many stocks you can accumulate for your country.
“Ask not what your country can do for you but how many stocks you can accumulate for your country.”
Awesome.
You’re welcome. Trademark pending.
you do realize how retarded that sounds, right? respect the game or lose your house.
The Grandpas rule!
Copper is damn near zero last year, and now it’s golden.
AAPL shareholders look like they are getting nervous. Although, could just be a few hedge funds working in harmony.
I have to stick with the thesis, that they will hold it up into the election.
Seems everyday, it is do or die, which really SUCKS.
What is CNBC saying? My satellite is out today.
I should have followed you into Trip, mr. Fly.
But let’s see if YELP will turn out to be a similarly winning call.
Just waiting for few more ppt o/s signals to have some more data points to put into the algorithm, and then it’ll be time to start trying again. But it looks like FAS might be a better vehicle than TNA these days… We’ll see… 0% YTD, and just watching from the sidelines, wishing you all good picks!
AApl stock is a source of funds to buy other shit for a lot of people.
The market is doling out lessons left and right these days. You truly have to be on your game. This is starting to remind me of 2008.
The word on AAPL really depends on your timeframe. Short term maybe it trades down. Potential buying opportunity. Longer term, look at the product line. We will see. (Yes long, circa 2008)
The Dow and S&P want to break through all time highs. This will not be your typical sell in May and go away. Commodity stocks are undervalued and we should see some rotation into this area.
Exposed via Fly Fav. WNR. Its always a wild ride with that one!
Welcome to the Boom town:
http://www.raptureready.com/soap/wasson39.html
Nice miss by CHK. That was the easiest earnings miss to ever predict. Aubrey McClendon deserves to be removed completely from CHK, but the board wants to keep him around so they don’t take all the blame when the company goes under.