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It’s slippery out there again today and my little “hey, it’s less than 1% today” statement didn’t last through the Ruidoso lunch time. You guys know what my stance is at this point — letting the markets play this phase out a little bit more. I bought more
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Back about five years ago, one of my mentors noticed that the S&P 500 hadn’t had a 1% up or down day in months…I’ll pull up the actual stats for you guys later, but the point being that are times in the markets that are
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“And we’re back.” I bet I said that 2-3x per show during my 528 episodes of hosting Fox Business Happy Hour. But I mean it in an entirely different context this time. This time, I mean, “And we’re back to where we were before the idiots at S&
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I spend a lot of time trying to look past the headlines, as you guys know, because I think the headlines are usually misleading, stupid half-truths. At best, the headlines can tell you what is already priced into the markets. At worst, they’re used as propaganda. Anyway, today’s
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Good morning and welcome back to the rodeo. The markets are up on the day, about 1% or so. It’s really that steady, nice action that the bulls have sorely been needing — this bottom’s looking like it’s going to be a process. Google buys Motorola Mobile and
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And that’s just about a wrap on another crazy week at the markets. We’re into the contra-hour and the day’s steady rally has…wait for it, wait for it…held. Yes, we’ve actually had some steady, non-dislocating action in the markets today. That’s probably a
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Here’s a list of my positions, both long and short, in approximate order from largest notional position to smallest: Longs – Cisco Marvell Google Sandisk Nuance Apple Microsoft Cypress Riverbed DBA Ciena Corning Visteon Adtran Shorts – LPS Wells Fargo Cablevision Live Nation SLV
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Kickin’ in the front seat, Sittin’ in the back seat Gotta make my mind up, Which seat can I take? It’s Friday, Friday, Gotta get down on Friday Everybody’s lookin’ forward to the weekend, weekend Friday, Friday — Rebecca Black Yeah, I quoted Rebecca Black. Ha! At least it’
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Well, that wasn’t quite the steady hold of 2-3% broader market gains that the bulls should be have been looking for. Yes, counterintuitively, I would consider that extra 2-3% intraday push higher (and subsequent 1% fade in the last ten minutes of the day) to be more indicative of
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Out of the ashes came the dawn and the shape of things to come Never surrender, just carry on, straight to kingdom come And on the 8th day God created rock and roll (rock and roll) — KISS Well at this point, a day without a 5% intraday swing seems tame.
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I met up with scores of subscribers to TradingWithCody.com yesterday in our chat room (open at http://tradingwithcody.com/chat Wednesdays at 2pm EST for one hour). They took me up on the offer of asking me just about anything, as you’ll see below in the transcript from
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A morning bounce or two out there. The markets are up about 1-2% and if they can just sit around here at these levels for a day instead of zooming 3-5% back up and down all day, we might finally start building a base and/or even a bottom. Obviously,