After hrs selling pushed the SPY down hard on Tuesday. It continues on Wednesday. Today requires some shuffling of positions. I think there should be some sort of retracement up today. That would fit the pattern of the past year. Fed mtg is making for interesting mkt action today.
Continue reading "6/27 - under pressure. Coiled Spring" »
The VIX is at 17+, TRINs are breaking out. Excellent. Opportunity. I like it.
I am using this time to look at some directional plays and use Butterflies to take advantage of this "VOL".
Continue reading "6/26 - Volatile! and I like it." »
We had the Summer Solstice on Thursday, and my oh my how nice it was.
The golf courses are starting to get very nice. And summer parties abound.
Continue reading "6/22 Wow, what a beautiful week in the high country" »
I like the action of the day. Down pretty hard, and now SPY support @ 150.50. If it cracks below that 50 MA support, look out below.
Continue reading "6/22 smackdown and prop." »
The markets bounced back after a down draft this morning. Yesterdays 21 pt down move on the SP was stunned the players looking for a cup and handle formation over the time. The morning rebound has shown a piercing pattern up, and the next 15 minute bar is strong. With heavy volume. Is the selling done?
Continue reading "6/21 - Nervous bulls, stalking bears" »
There are some brief sharp moves down in the mkt, but the mkt remains resilient. I my screens for Sept/Aug calendars are active.
Continue reading "6/20 - Bears shaking the tree, but Bulls are holding on" »
Which way will it go? The market has slowed in Volatile action of the past few weeks. It is trending slightly lower. My impression is that we are consolidating after the big gains of the past week. This seems to be slightly bullish.
Continue reading "6/19 - Teetering" »
The markets seem to be digesting the past two weeks of radical action. I made a few small missteps of the past few weeks, however when all is said and done, the portfolio is up.
Continue reading "6/18 - Digestion" »
Summer is finally showing. I traded in the morning and place some good trades yesterday.
I walked about 8 miles in total. The mud season is over, and the Aspen have grown their leaves. It was beautiful. Also, most of the hike followed the river (which was raging).
Continue reading "6/15/07 - Great Hike" »
The markets are shooting all over the place. Up in the AM after a big day yesterday. This bull is a strong one. It is pretty amazing.
Continue reading "6/14 - Wild Ride" »
The bounce took two days. Interestingly on friday the SPY retraced 38% of last weeks down move, then yesterday the SPY moved to a 50% retracement. Before the end of the day it moved back down to the 38% retracement. I am looking for some mispricings as people scramble
Continue reading "6/12/07 - Broken trend of relief rally" »
I am looking for clues this morning. I benefit from a downward move nicely. Although, staying in place works well too.
Continue reading "6/11/07 - Expiration week begins" »
After I wrote my stuff yesterday, I started noticing everyone saying similar things. I don't really like that. What is coming today? No clue, but I do have plans for 3 different environments.
Continue reading "6/8/2007 - Day 4?" »
RIIIPPPPP. That was the sound of the bull trying get out of the tent. One way all day. Down. Fortunately I was pretty safe. A few of the errors of the past few days bit me today. However, the overall portfolio is up.
Continue reading "6/7/2007 - 3 big falls in a row." »
The Bond Yield trend that should effect the stock market is finally happening 5%. It effects Credit Card rates, adjustable rates mortgages, and most importantly "safe" rates of return can be had, without risking it in the mkt.
Continue reading "6/6/07 - Where would you rather put your money?" »
China falls 8%, and the US markets burp. US markets have been built up to the resistance of Chinese Stock Shock. It seems like a consolidation to me. I would actually like to see a bit of market fall.
Continue reading "Opening up the week June 4, 2007" »
The world has a natural order of things. Plant, Cultivate, and Harvest is one of them. However, the lottery mentality has run rampant in our society. Get rich without the work.
Continue reading "Plant, Cultivate, and Harvest" »
It has been chilly here lately. 40's-50's, some 60's. Today never really warmed up. However, I finally got out for a brief ride this evening. Ahh, doesn't that feel better?
Continue reading "June 3rd - the summer is not here yet" »
Interesting day. Markets, opened big. Moving off it's high. This market is not tiring. Crazy. But, go with it!
Continue reading "June 1, 2007 - Friday to look for July Calendars" »
