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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,
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As you guys can clearly tell, we’re still getting this chat feature figured out. Today’s session will start at 3pm EST (instead of the usual 2pm EST) and we’ll run through til the market closes. You can meet me in the chat room and ask me anything
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Go easy, the doorman said The floor is slippery, So watch your head. This message read. – Neil Young It’s slippery out there. Yesterday’s rally, in the midst of which the market happened to close, is now a fleeting memory. When you step back away from the indices and
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It’s still wild out there. I’d mentioned last night that just because we closed on the highs of the day yesterday that it shouldn’t be considered a “bullish” day. Indeed, the sell off came quick, and the DJIA is already back down 300 — back to where it
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If the markets had closed at 10am, the papers tomorrow would talk about Tuesday’s sell off continuing in the markets. If the markets had closed at noon, the papers tomorrow would talk about Tuesday’s nice rebound in the markets. If the markets had closed at 3pm, the papers