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The biggest question heading into the long weekend is whether the markets will break the -3% threshold before the close. Then again we might actually get some buying/short covering into the close. Whatever happens in the next 3060 seconds (51 minutes), it’s not going to make or break
Here’s the transcript of this week’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at http://tradingwithcody.com/chat for more Q&A where you can ask me anything.
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The broader markets are down nearly 2% across the board, but the bigger technical story is really the breadth — more than 5 negative stocks for every 1 positive stock today. The selling is broad, in other words. And the main catalyst today is the jobs number: More green lines above
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Gotta blame it on something Gotta blame it on something Blame it on the rain that was falling, falling Blame it on the stars that did shine at night — Milli Vanilli I mentioned earlier that it “felt” like the markets were likely to follow the Ruidoso weather pattern of late
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It’s a beautiful sunny day, likely to give way to some afternoon rain showers here in New Mexico. Meanwhile the markets have been shining like a desert sun with little rain showering for the last seven trading days or so. It is, however, raining a bit on the bulls
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Flattish to down open early here this morning. Since nobody cares about Greece’s sovereign debt problem or the US budget crisis this week, maybe some macro economic news in Estonia was softer than expected today and we could focus on it. Maybe a report out of Singapore about their
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The markets are having a hard time holding their rally and the Nasdaq’s even turned red now. I did a small pre-earnings trade. Ciena reports earnings tomorrow morning before the open and I’ve read nothing but explanations of why they are likely to really miss and guide lower
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Hey, don’t forget to come meet me in the chat room to ask me anything you want. Today at 2pm EST. See you at http://tradingwithcody.com/chat. The markets are staying steady again today, and the further and steadier we rally from those recent panicky lows, the harder
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And they’re off. Up along the outside, it’s Autodesk, which has been one of the single most volatile stocks in the market since we first bought it, right around these levels just a couple weeks ago. Bumping each other in the middle as they jockey for position is
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Greece! Oh my goodness, did you hear about Greece?! There’s a debt problem over there. And it might lead to contagion. You better sell your stocks right now because of this Greece contagion risk. Oh wait. My bad, I was watching a replay of CNBC from two weeks ago.
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“Those who cannot remember the past will spend a lot of time looking for their cars in mall parking lots.” – Jay Trachman Good morning and welcome back to the world’s biggest shopping mall. Make sure you’ve got your wallet in your front pocket. The markets are down a
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Monty Roberts, the great horsewhisperer whose autobiography I am currently reading, talks about how horses are “lean into” animals. That is, they lean into pressure. You want a horse to turn left, you don’t get a team of wranglers to push him on his right side — you can simply,