Volume was low today…way low. So the markets had low volume up and down moves. The QID I held over was in my pocket before the markets opened. My other stock play was COIN which had a very pretty move today. Oh, and I also got a few ticks in the S&P futures. So a very green day!
Futures are moving to the upside this evening, along with the Aussie markets, but Japan is taking a hit. I’m looking for some more of an up move for the rest of the week, unless some bad news comes out. Treasury interest rates and the dollar may be the bigger news moving the markets 
Okay…the holidays are over…time to sober up and get back to work. The first trading day of the year, or the last holiday trading day was pretty nice with all the indexes making a big up move. But I’m thinking Monday will be the first trading day of the first trading week of the year. With that big holiday up move, I’m thinking profit taking will be coming in and a gloomy news week will bring us down some.
Some of the market moving data this week should be pretty gloomy: auto sales, retail sales and the granddaddy, monthly labor report on Friday. Look for unemployment to break 7% 
But wait! There’s more! The House Financial Committee will publicly examine the Madoff ponzi scheme, the Middle East may get even more volatile and Russia may turn off it natural gas spigot….Oh my!
I’m putting oil and gas stocks on my watchlist, like NGAS, EP, SM, CHK, DXO, HAL….while I try to get back into the groove of trading. Nikkei is up a bit this evening while U.S. index futures are heading down. I’m going to start my evening scans. Happy trading everybody!
Published on
December 2, 2008,
11:22 pm in
Daily and Trading.
Tags: FAS, futures, LNG, MAXY, Nikkei, OPTR, SNTS, UYG, XLF.
Yesterday, I guess, was just a one-day-wonder, and today we continued our upward trek….We have had 6 out of 7 up days and I can’t remember the last time we had anything like that! But, there’s a lot of down we still have to make up 
I played both QLD and QID in the early hours because the markets were indecisive. I went for quick, small profits in both directions. Within the hour though, the market said up and I rode QLD for a while and bought some YM and ES futures for some bigger profits.
Scanning charts with TCnet this evening came up with a whole bunch of bullish looking charts. A very large number of bullish harami’s will need confirmation tomorrow. I came up with 580 charts and am thinking a few of them should confirm no matter what kind of market we have….just need to keep an eye out for the move.
Here’s a couple I’ll be looking to confirm: LNG, MAXY, SNTS, OPTR. And as I’ve been saying before, still liking those financial ETFs: XLF, UYG, FAS.
Japan and Australian exchanges have opened to the positive side this evening, but U.S. futures are down.. a continuing mixed-up market. So here are a few wise words: Remember to have a plan and trade the plan. If you do not have any exit plan do not initiate a buy order.
Happy trading 
After Friday’s first half hour short-covering, the markets really didn’t do anything…and it may not do anything until our legislators pass a bill allowing this bailout. Congressional wrangling may bring the market down for a retest, but passage will be good for stocks.
This turbulence has been good for CNBC and FBN as both networks have had primetime programs during the week and Sunday evening programs as well. The coverage has been at least interesting to watch and hear. There is so much going on so fast that it is about the only way to try to keep up.
Hopefully you made some good money last week. Even if you didn’t catch the top or the bottom, there was enough in the middle, each way, to make some moola. QQQQ, SSO, DDM and QLD were great plays from the Thursday to Friday transition.
Futures are to the downside this evening, although Asia markets are now experiencing our Friday market. If Asia upside can hold through Europe. I would expect some upside on Monday. But watch for the chop-chop. Happy trading
Well we reached a low in the indexes just before the first quarter ended (March 17th), so why not repeat that again…heehee. Like I’m wishing for that…no. But it sure does look like something that could happen…and it is setting up that way. The “catastrophe” back then was Bear Stearns. Now, unemployment and oil prices.
As I’m writing this, U.S. futures don’t look so bad, but the Nikkei opened up with a resounding ‘thump.’ Tomorrow’s open should tell us a lot about this market. After big up days we have big down day…and after big down days we have big up days. Won’t this be exciting 
The paint is dry, so there wasn’t much to do today. Yeah, the Dow dropped 100+ points, but on even lower volume than yesterday. What’s everyone doing?
The Dow and the Nasdaq are still above their 50 day moving average, but the S&P500 closed just below…but really close. We’ll have to see if we find support or go looking for the 20dma. The Qs took a small whack afterhours…I think because of ORCL, but RMBS sure took off to the upside!
The Nikkei opened lower and moving lower, but still lackluster. Another 11 hours until the U.S. markets open, so we’ll see then.
Happy Trading….if you don’t fall alseep 
The blog has been inaccessible for 4+ days…I apologize. 
I guess 24/7 tech support does not mean 24 hours a day / 7 days a week. Or maybe 7 days does not include Saturday and Sunday.
Back to trading. We had a follow thru day from Friday, but recovered into the close to have a doji day. Still not bull-inspiring, but also not bear-inspiring. At this time U.S. futures are up slightly, as is the Nikkei. I think tomorrow will tell us the direction of these markets…for the short term anyway.
If I don’t get this rage for tech support out of my head I may not trade. You always need to be in a cool and calm frame of mind. Time for a cool beer and a good night’s sleep. See you tomorrow…if the site holds up
Published on
February 12, 2008,
8:48 pm in
Daily and Trading.
Tags: China, chinese, markets, MVIS, Nikkei, NYNY, PEIX, SWHC, volume.
Another crazy day in the market. The markets reached their peaks an hour and a half into the day and then went down from there. A short-covering rally in the last 15 minutes brought the market back…. because nobody can predict what will happen between close and open. The selling volumes were bigger then the buying volumes and overall volume was below average.
In my stock plays today, NYNY continued its upward trend. AVII, CNTF and MVIS were green for me, but PEIX was red all day. The best was SWHC, up 23% today…better than a $2 pistol 
Remember, China markets open tonight after being closed for the New Year holiday. It will have a lot of adjusting to do after 5 days. Japan opened in the green this evening and US market futures are a bit red, but we still have another 12 hours before the U.S. opens.
Published on
February 5, 2008,
9:29 pm in
Daily and Trading.
Tags: CNTF, DVAX, IDMI, LMRA, momentum, Nikkei, PEIX, SCA, SIGA, STEM.
What an ugly day for the markets But, it has been good if you’re a trader, a stock picker.
My good picks made more than my bad picks lost. My winners today: STEM PEIX SIGA IDMI RFMD URZ. My losers today: LMRA CNTF SCA DVAX. So, I call it a good day…even though the Dow was down 370 points, on increasing volume, and accelerating into the close.
The Nikkei has been open 2 hours and is down -567. Futures are only down a little, but there’s 12 hours for a lot of change. Looks like momentum may take us down again tomorrow, maybe enough to bounce back.
