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i went short cmi. (eom)
unemployment headed to 6.2% Eom)
the storage part may benefit, but closer examination shows that public storgae is actually a Real Estate play(which is being devalued currently). Ya find a good corner lot, put storgae units on it in hopes somewhere down the road that piece of land will be worth a lot of money. Then bulldoze the storages and build on it or sell it, while the storage units are being rented you are taking in revenue, paying the taxes with it and providing some income for yourself. (JMHO) CHUBBIE
I belive its the other way around, what is holding us up now is the possibility of a second half rally. Once it becomes clear unemployment is headed for 6.2%, TIMMMMMMMBERRRRRRR!. (JMHO) CHUBBIE
little turbulent the last 3 days, they've been accepting a lot more form the FED, http://app.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
sox headed for possible breakdown, http://stockcharts.com/webcgi/Pnf.asp?S=$SOX
Mike, I think any market bottom is merely an ST bottom, I think eventually we rest the 1139 breakout and quite possibly see 1080. (JMHO) CHUBBIE
in fact if this flight to quality continues we'll crash, not a good time for any longs until faith in debt is restored. (JMHO) CHUBBIE
so, what does that chart tell ya? the govt. came in with a couple rescue attempts and John Q Public says, " Oh christ! things must really be that bad, I AIN'T BUYING ANY AMERICAN DEBT UNLESS ITS BACKED BY UNCLE SAM!!" This is horrible news. (JMHO) CHUBBIE
raining and I'm sick as a dog. check ya out later. chubbie
mike , ya gonna grab MBI on a print of 13? (eom)
bull pennant forming, http://stockcharts.com/h-sc/ui?s=$TNX&p=DAILY&b=5&g=0&id=p67828954146
these indexes breakout its way bullish, might churn or pullback though.
excuse me , $ndx quadruple top, http://stockcharts.com/def/servlet/SC.pnf?chart=$ndx,PLTADANRBO[PA][D][F1!3!!!2!20]&pref=G
at bearish resistance line (red), http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum=
who knows with this news driven market, but things look better, plenty of short to fuel the fire, plus the 6 days of strentgh coming and it is and end of quarter. Triple top on ndx 60 now, so a pullback is likely,then who knows, if we continue to rally i think we go to 1380 because of the aforementioned reasons. (JMHO) CHUBBIE
Disclosure. dumped BRCM at the close
watching cy intently no order in yet, if its rally time we could see a nice squeeze in this one, http://stockcharts.com/def/servlet/SC.pnf?c=CY,P&listNum=
they'll move fast too, if we pop, either ben screws it up or we have an 80plus up day on the comp and 400 plus on the dow, another 20 on the spx, that's the big if. (JMHO) CHUBBIE
If gentle Ben pleases another 40 ndx points should be in place,
http://stockcharts.com/def/servlet/SC.pnf?c=$NDX,P&listNum=
inverted H&S or cup 'n handle, if we rally watching it for a breakout, http://stockcharts.com/h-sc/ui?s=LSI&p=D&b=5&g=0&id=p65180742750
F'ck no. They just had Jack Bogle on CNBC, the U.S. treasury used to have $850 bill. in reserves, $400 billion has been commited to fighting the hoiusing/credit mess, half the U.S Treasury has evaporated in 6 months. The Fed;s hands are tied after today. (JMHO) CHUBBIE
that's only the start, wait for the fed and more importantly their wording. first of all will they meet Wall St.'s demand for 100? probably. but any staement they are done will be met with a huge rally, dollar might begin to reverse too. but let's see if they do it right or screw it up again. (JMHO) CHUBBIE
premarket. (eom)
they don't vote for 60 days, but that's just a formality, JPM has it. (EOM)
bought a little BRCM .62, would like to leg in cheaper. (JMHO)
might be, but bank earnings are still to come, wouldn;t surprise me to se GS tag 135( even if only in AH on earnings), long term SPX chart I see the next bottom near 1200, may or may not be this week. (JMHO) CHUBBIE
think that was crazy, tomorrow nights AH earnings CCI trade on GS ought to be totally nuts!!
out both position 147, so I made a couple point if ya count the 9 points I took on fri. before reentering. stupid play though, should have dumped and been in the premarket grabbing this morning (JMHO)
bought some 140.5, must be crazy. (JMHO)
link? 9eom)