Trading with Jerry Olson

[Jerry Olson]

Good morning troops

Yesterday we kind of settled down and made some solid trades during the day albeit a lot less then usual. It never matters the quantity what does matter is the quality of the trades. I can say everyone better learn to short, stop chasing at the highs near hard R and work on buying the dips back to support. I am still bullish here today. I like the markets action despite the Employment Report coming out at 8.30. While the initial action will be volatile, but the number will become a moot point for us trades, and here's why. We are truly in a sweet spot for this type of report. If it comes in hot at 100,000 +, that's great means we're still alive with a heart beat, if it comes in below 50,000K then that simply means the FED will have to move sooner then later, capish? Let me tell you all from my past experience when the FED is cutting rates the stock markets and bond markets are flying higher and higher. Money is sloshing around as the FED pours more fuel on the fire. Heck forget being short if this actually happens this year. I love this intraday dip buying it makes a lot of sense to me. But what we are not doing is shorting after 2.00pm to 2.30 time frame. Profit taking comes in during the afternoon on all the strongest stocks we longed earlier in the am. Be aware of this phenomenon since it happens almost at will every single day. For right now the ES has made 50% retrace to the descending 20 ema on the daily. I still say we can go higher toward 1435 ish more in line with a break above both the 20 & 50 on the daily. Next week we can see some retrace back down as per usual when you get a bounce back up like this off a ridiculous sell off orchestrated by not one solid piece of real data to trigger it. I mean folks are you kidding me? Has anything really changed from when we were at the highs 2 weeks ago? Not really!!! Right?
================================================================================================================

RMBS---20.25 THE BTL---19.80 THE SST---NEWS COMING TODAY FROM THE COURTS WATCH FOR IT WE NEED A 3 POINT POP

KLAC---53.70 THE BTL---53.15 THE SST---REVERSED BACK UP ON THE CHARTS YESTERDAY IT'S OUR NEW SEMIS DARLING

AKAM---50.30 THE BTL---49.70 THE SST---I TOLD YOU ALL THIS WAS GOING TO GO ANYONE CALL THE TRIGGER?? ANY TRIGGER?

SNDK---40.25 THE BTL---39.65 THE SST---BACKING AND FILLING NOW AT LOWER LEVELS TILL SOME NEWS POPS IT

NVDA---31.10 THE BTL---30.50 THE SST---SLOW BUT STEADY ALL DAY AND DID NOT SELL OFF LATE A GOOD SIGN

AMZN---38.40 THE BTL---37.80 THE SST---WOW WHAT A ROUND TRIP ON THIS STOCK SHEESH!!! UP EARLY AND THEN CRASHED

HANS---34.70 THE BTL---34.00 THE SST---COMING TO LIFE? THIS STOCK CAN AND WILL MOVE WHEN THEY WANT TO BUY IT

CROX---45.90 THE BTL---45.20 THE SST---CRAMER WILL PUMP THIS STOCK AND WHEN THE SHORTS LEAVE IT WILL FLY

SINA---33.70 THE BTL---33.10 THE SST---CHINA STOCK COULD BEGIN TO RALLY BACK SOON FOLKS KEEP ALERT

NTRI---46.80 THE BTL---46.20 THE SST---TRYING TO CAME BACK TOP LIFE NOW WATCH THIS ONE IT CAN MOVE BIG
================================================================================================================

OK THE JOBS REPORT COMES OUT AT 8.30 WE'LL WATCH IT WITH BAITED BREATH, YEAH RIGHT. THEN ONCE WE OPEN UP LET'S MAKE SOME QUICK TRADES AND HEAD FOR THE HILLS. WISH THE BEACHES WE'RE OPEN<VBG>

HEADS UP FOR ALL GENESIS USERS. AS OF TODAY AND FOR THE FORSEEABLE FUTURE YOU ARE GOING TO KEEP YOUR OWN RECORDS OF ALL TRADES. BEFORE YOU SHUT DOWN EACH NIGHT GO UP TO FILE, THEN TRADE SUMMARY AND PRINT IT OUT. YOU CAN ALSO CHECK YOUR ACCT IF YOU FORGET TO DO THIS AT THE CLOSE, ON YOUR LOGON BLOTTER THAT WAS THE LINK I SENT OUT LAST NIGHT AND PRINT THAT OUT TOO. NO MORE K-1 NO MORE 1099 THAT IS DONE. ASK YOUR ACCOUNTANT WHAT YOU CAN DO TO MAKE IT EASY. I THINK YOU CAN DOWNLOAD ALL THESE TRADES TO AN EXCELL SPREADSHEET TOO.

SEE YOU ALL IN THE ROOM

LET'S MAKE THE DONUTS

JER & INNA
Jerry Olson
The Jog Group LLC
[e-mail]