Initial Claims were up, FDX earnings lousy and Greece slumping into the abyss….today was a lump of coal in my stocking! C traded an amazing 3.766 billion shares today, which breaks the prior record of 2.674 billion shares this past summer, also by C. Quite a day, but still a bummer.
I got bitch-slapped by my GS calls…sure I had stops, but it opened gapping way down and jumping over my stops. So I sat and looking at charts most of the day, mumbling something or other all day. Near the end of the day I bought some additional GS calls because GS looks like it may have found some support.
After hours earnings reports may help out on Friday. RIMM ORCL and NKE came out with good reports, especially RIMM. Futures acting a bit stronger, so maybe GS will catch a bid also.
Options expiration Friday, so time for gyrations and everybody looking to go flat before the holiday weeks. Yep, the next 2 weeks should show some lighter volume, possibly the lightest of the year.
Remember to spend some time away from your charts with family and friends….it is the season y’know. Happy Holidays. ![]()
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