Trading with Jerry Olson

[Jerry Olson]

have a great weekend all CPI oooh la la

Good Morning all

The strength of this market is just amazing. Short the markets? Why would anyone in their right mind try to fight this sensational trend. We are going a lot higher over time, so the buy the dip crowd is certainly a live and well. We have all time closing highs on the DJIA with the futures all making new contract highs and going much higher as we move into the best time frame of all Jan-May. This morning is an all important event for the inflation fighters numbers. The CPI and the core number is very important for the bond market which has sold off recently as other eco reports were a bit negative. My guess is the bonds we resume their trend and that is down. I would dearly like to see 1 good core number to help sustain this rally. There are some negatives out there right now one of which is the current price of crude oil. The charts are saying it's going all the way back to $70.00 and maybe even higher if it takes out 64.50. This would be a huge negative on the consumer all over again and not great for the street to digest something like this all over again. Watch for this event i will call it if and when it happens. So at 8.30 est we get this report on the CPI let's wait to see the markets reaction to this number. Stay safe and have a great restful weekend.
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MSFT---30.25 THE BTL---29.80 THE SST---BLOWING AND GOING NOW EVEN WITH NEG MOM COULD GO A LOT HIGHER

RBAK---20.65 THE BTL---20.25 THE SST---IN PLAY SMALL CAP WITH RUMORS EVERYWHERE COULD GO UP AGAIN TODAY

NVLS---33.75 THE BTL---33.10 THE SST---UP ANOTHER 1+ POINTS THEY LOVE THIS NAME NOW? SEMIS LOOK GOOD

RMBS---20.90 THE BTL---20.25 THE SST---RIGHT ON THE MONEY FOLKS OFF THAT REVERSAL ON P&F HAS LEGS

SNDK---43.15 THE BTL---42.50- THE SST---HEY MAYBE THIS IS READY TO BEGIN THE UPSIDE MOVE?

AKAM---56.10 THE BTL---55.65 THE SST---YOU TELL ME FOLKS UNREAL HUH?

BRCM---33.90 THE BTL---33.30 THE SST---I THINK BRCM IS GETTING READY FOR A BIG MOVE HIGHER OVER THE NEXT 30-60 DAYS

AMZN---39.35 THE BTL---38.70 THE SST---LOOK CRAMER PUMPS EBAY AND THIS NAME FLYS HIGHER?

MRVL---20.35 THE BTL---19.70 THE SST---I LIKE THIS NAME LONG USING THE 17.50 FEB-APRIL CALLS

KLAC---50.70 THE BTL---50.10 THE SST---ANOTHER SEMIS THAT GETS A BIG POP IF THE SOX RUNS AND I THINK THE SOX IS GOING A LOT HIGHER OVER THE NEXT 30-60 DAYS TOWARD 520.
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OK WE'LL SEE WHAT THE CPI IS ALL ABOUT AT 8.30 THEN LET'S TRADE IT ACCORDINGLY.

I HAVE A DOCTORS APPOINTMENT AT 1:15 THIS AFTERNOON WHEN I APPLIED FOR LIFE INSURANCE THE BLOOD TEST CAME BACK WITH AN ELEVATED LIVER TEST SCARED THE HECK OUT OF ME. IT'S WAY OUT OF WHACK ALONG WITH MY TRIGL LEVELS TOO. THAT LIVER ENZYME WAS I THINK THE GGT OR SOME THING LIKE THAT. SO I HAVE TO SEE WHAT IS GOING ON.

I DOUBT I'LL BE BACK IN THE ROOM THIS AFTERNOON.

HAVE A GREAT WEEKEND ALL GO OUT AND SHOP TILL YOU DROP FORGET THE MARKETS OK?

BE WELL AND STAY SAFE

JERRY & INNA 12 DAYS TILL PARIS


Jerry Olson
The Jog Group LLC
[e-mail]