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Heard about today’s jobs report and how important it supposedly is for your portfolio? Let’s see the headlines: Job growth anemic in May • Stalled economy? Nothing to be done (First Take) | Jobs worse than worst estimates: Johnson As good, flexible traders we should take this new macroeconomic data
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The trading day just flew by today, as I was working on these silver and gold and other charts and analysis and getting that information out to you guys. Only the silver trades for me today. It was N’s over Ss, meaning that the Nasdaq was stronger (in this
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Let’s update our stance, remind you of our positioning and talk about what I expect next for our silver and gold positions. To review, when silver started “dislocating” (see this, this and this) a few weeks ago, it was a flag in my playbook to start building a short
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After yesterday’s aggressive sell off, with the DJIA closing near its lows of the day and down more than 200, a steady open like today is probably a victory for the bulls. But then again, there’s still a lot of trading action to go today and it wouldn’
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We were in the green on six positions today…each and every one of our shorts made us money on the day and each and every one of our longs lost us money on the day. That’s why we hedge, that’s why we have both longs and shorts
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I read a lot of analyst notes every morning as I prepare for my day, and I have been for years, and every once in a while, you really makes you think. Such was the case last night as I sat down and read Bernstein’s most recent note on
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It’s gotten ugly out there as the day has traded on, and it’s not getting prettier. Celestica and Nuance are both down over 2% on the day and most of the stocks are down about 1%. It’s a broad sell off, and that’s part of the
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This morning’s action is almost exactly the flipside of yesterday morning’s action — we’ve got bad breadth with two-to-one decliners and a slightly down open. Most of the mainstream media outlets are focused on trying to game the end of QE2, which they have decided is
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It’s an app world these days and it’s getting to be more of an app world every day. Eventually we will hit a tipping point in the app revolution that will drive us into an app stock bubble as the app world develops into a full-fledged revolution
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Do you have a smartphone? Do your kids? Do you use it to get information? Do you use apps? Do you have a tablet? Do you use it? Do you still use your laptop in the same way you used to before you had a smartphone and a tablet with
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The markets are trying to rally…and as we’re within just 3 or 4% of the recent multi-year highs, there could be some momentum to an upward rally. Gotta see the breakouts first though, and we’re not there yet, even though the charts sure “look” like they
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It’s a pretty solid open, with good breadth to the upside at more than 2 to 1 stocks moving to the upside. And then there’s Nokia. The company pre-announces very ugly guidance to the downside and suspends guidance for the next couple years as it transitions to
