grow nice
Good Morning all
Gentle Ben wasn't so gentle yesterday since he decided to tell a half truth. He said the bias for the FED is toward inflation or the risks were greater then growth, BUT, ohh yes there was a butt. He also said there were signs that growth is having problems so of course they are all data dependant. Ok I can live with this folks. This guy at least talks in a somewhat more normal language that we can all basically understand. What he did not mention, was the way the FED changed their statement wording and that was leaning more dovish if you ask me. That's ok for him to back off a bit since they all must show the congress they're willing to do what is necessary to protect the feeble economic picture. He actually likes the current Funds at 5 1/4% and has no intention of moving either side for now. So was this good news? Absolutely because the street hates uncertainty, now I think this clarification right out of his mouth makes things a bit easier on down the road. Right now this pull back is on schedule and on target right. That overbought rally "top" at the 61.8% Fibo retrace area on the daily candle chart, also at the lower gap resistance number too, set up this pullback. I like it when things are orderly and it looks just like that on all the charts to me. We shall see how the street handles the last 2 days of the quarter, and the first 3 days of the new quarter starting today at some point. We are getting set up for earnings season coming our way in about 2 weeks that's when the fun really starts for us traders. So let's keep it simple folks, trade smart, and trade fast.
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KLAC---53.75 THE BTL---53.10 THE SST---HOLDING WELL RIGHT NOW WITH A SHOT AT 55.00 VERY SOON
CROX---47.80 THE BTL---47.15 THE SST---TYPICAL DAY FOR THIS STOCK HIGHER EARLY THEN SLAMMED
SNDK---45.10 THE BTL---44.50 THE SST---ACTUALLY HOLDING VERY WELL THESE DAYS SHOULD HEAD HIGHER
RMBS---21.75 THE BTL---21.10 THE SST---TRADES UP AND DOWN ALL DAY JUST MARKING TIME RIGHT NOW
ATVI---19.25 THE BTL---18.75 THE SST---WOW WHAT A CALL IN THE ROOM FEW TOOK THESE TRADES THOUGH
IMCL---39.45 THE BTL---38.80 THE SST---CONTINUES TO TRADE WELL EACH DAY YOU CAN SCALP THIS EASILY
GROW---53.10 THE BTL---52.50 THE SST---VERY POWERFUL STOCK IF YOU ASK ME BUT WILD MOVES INTRADAY
JDSA---22.20 THE BTL---21.60 THE SST---STILL IN A POWER TREND RIGHT NOW AND COULD GO A LOT HIGHER
CHINA---10.05 THE BTL---9.50 THE SST---JUST HAD EPS THIS AM AND DID OK MAYBE A TRADE HERE TODAY?
VLCCF---27.75 THE BTL---27.20 THE SST---CONTINUES TO RALLY EACH DAY CAN IT CONTINUE TO GO HIGHER?
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FOLKS I WAS UP ALL NIGHT WITH A SEVERE COUGH AND HEADACHE. I DID NOT SLEEP WELL AND NEED TO GO TO THE DOCS TODAY WITHOUT FAIL. I DO NOT FEEL WELL, IT SEEMS THIS IS GOING AROUND ALL OVER THE PLACE. I NEED TO GET HELP RIGHT NOW. NOT SURE WHEN I CAN GET AN APPOINTMENT SO I'LL HANG OUT AS BEST I CAN IN THE ROOM TILL I LEAVE..
SEE YOU LATER
JERRY & INNA
Jerry Olson
The Jog Group LLC
jerryo34@verizon.net
