NOTE: I will be heading to the beach in about 30min for the weekend. 17th wedding anniversary and leaving the kids at home! I may or may not post, but will be back in action Monday night. There is a possibility of and "induced" rant, but highly unlikely as I intend on getting away and enjoying my freedom and money while I still have it. Have a great weekend if you don't hear from me.
Shanky, Awesome close today! Broke up above a major trendline on 601,000 initial claims as "good news?" and retail sales improved by fire sale prices on cars and gas prices going up. Then it dropped nearly 100 pts to close just below this major trendline for the S&P. Today we had a major move and closed exactly opposite of what the hell happened yesterday. GS fell out of its price channel in AH so this should be a huge Harbinger of tomorrow. Shanky tomorrow will be a major move up or down but one will come. I expect to see it go down huge tomorrow. Hopefully it doesn't pop back up...but we would have to ask JPM to lay off...Enjoy the Beach and enjoy the scenery!
ReplyDelete-Michael
Have a great anniversary weekend Shanky. I'm headed to the North Carolina coast myself tomorrow at noon for a weekend getaway from reality.
ReplyDeleteI'm glad you enjoyed the cartoon.
(Annoyed)
Shanky today sucked. I fell asleep today as boring as the stock market was until 2:40PM on the dot, computers kicked in and kicked us positive. Technical analysis is useless with computers in the mix and the laughably low volume. Guess they overwhelmed the NYSE computers too! Next week is OPEX and ought to be interesting. I do hope your weekend is a blast!
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ReplyDeleteThat is about the worst english I have ever seen Anon. If you are to comment and throw out flames, at least own up to them and supply evidence. Otherwise, keep your "biatch" mouth shut.
ReplyDelete-Michael