We are heading back home tomorrow after 10 days in the desert. Wish we could stay more but kids have to get back to school and spring sports kicking hard.
Here’s a few more posts to get you through the weekend.
If you aren’t familiar with these two troubadors, get some of their music. Ray LaMontagne and Damien Rice covering the Bee Gees beautifully
We are taking DNDN long @ 13.9 here as there is support from long term @ 13’s and the stock topped at the other support @ 18 and pulled right back to this level. We are taking a long @ 13.9 with stops under 13 intraday today.
Just a trade. see where it takes us. Having some technical issues from the pool today. 91 degrees expected in the desert and water park is calling soon. So the God’s are telling me to take it easy.
Market limping home right now. Not a lot of big positive news or negative news that can take this market down. So we are kind of languishing into the end of the period. Earnings season is upon us, seems to be a few warnings pre season, not a ton, and really no big positive pre season beats so far. We are going to hunker down on our last few days of vacation and aren’t expecting big things on this Friday. DNDN a stock I have owned in the past, but currently dont is exploding on the open with a monster 250% move on their cancer efficacy studies. Good for the long term shareholders. Still the stock is going to the resistance levels of 18, then the old high is near 25’s I believe. Might be some trades there over the next few weeks in the name with volatility exploding here. Not much else exciting us in here. Water park on the schedule with the kids today.
We are bailing out of our 2nd half of our VIX calls, we bought these when we were down to 12.4 or so, the index has exploded up to 15.5 here and we are selling our 2nd half of our call position and taking our profits.
These worked out very nicely over a weeks period. Keep the volatility coming I say!! I love it.
Charts to me are roads with lots of potholes, as long as you are prepared they can be smooth sometimes and bumpy others. Reward/Risk everytime will assist your travels.
Anybody tell me how this type of loan shenanigans even went on and yet people say there was no bubble in credit land and real estate?
Anyone else see the constant irony with Blodget’s writing style as a bear all the time?
Good to see other’s see the same thing I see in this chart. Maybe I should cover my short. Nah, not yet. I like my short position in NZDUSD here @ .7147 bring it on.
Gold taking it on the chin today and is down about 10 bucks. There is decent support here @ 653-4 and if we fail here next level is high 630-s. I wouldn’t mind nibbling on a bit of the future here and plan on adding lower in the 630’s. Might be a trade here developing. Let’s step in lightly down here.
Market is making new lows and has just traded lower after the weak gap up on the GDP revisions. Anyone can revise numbers up, but the market knows the truth. All smoke no fire coming out of the governement numbers right now. Earnings are coming, are we going to go much lower or just vacillate here and continue up. Story developing. We have all major US indices breaking down below their Opening Ranges.
