Sunday Set Ups

{+++} In case some of  you guys aren’t trading tomorrow I would like to wish you all a heart felt Happy New Year. It sounds like a big fat zero is getting done in the halls of Congress tonight as I read snippets and canned release from our leaders throughout the day. Maybe they can…

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My Stocktwits Edge

“You’re walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place”.-Gordon Gekko Well, we are about seventy two hours away from the first trade for 2013. We make too much of resolutions, they are overrated, but it is good to try to find…

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Wild Friday On Deck

{+++} Well, as you may know by now, John Boehner didn’t get enough votes from the Republican side to implement his Plan B. As a result, futures are getting murdered, at one point, the S&P futures were limit down, sort of an overnight flash crash. Dow futures got down -300 at one point. Anyway, lets…

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Rip

The troglodytes in Washington are on my last nerve as they play tag over a few hundred billion. Really, get over yourselves, and allow us to have some semblance of a market again. The election was the last “wet blanket” that hung over this tape and now its the fiscal cliff, The fiscal cliff has…

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Market Wrap for 12/17/12

{+++} The market woke up today as the S&P held its daily 20 day moving average support and popped. Apple made a bit of  move, but after all the technical damage, it probably wont be meaningful unless it can go sideways tomorrow or put in a higher follow through day tomorrow. The financials led and…

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OK, Now the Bull Case For Apple

So yesterday I gave a list of reasons why $AAPL finds itself in the crapper. I am an absolute and fierce defender of supply and demand and overbought and oversold levels when it comes to stocks. Even stocks that have crumbling fundamentals get to a price, (I don’t mean AAPL) where they have to bounce. …

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11 Reasons Apple Is Hurting

“The fact that a great many people believe something is no guarantee of its truth.” W. Somerset Maugham, The Razors Edge Everyone is talking and writing about $AAPL today, everyone on planet earth seems to have an opinion, I thought I saw a post from a Trappist monk on the Vatican website all pissed off…

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Locking Up the Roscoe

My Dad was a New York City cop for thirty years. As a young boy I would watch him get ready for work, the last thing he did was snap his gun to his belt. I still remember  smell of the holster leather, it was old, weathered and scuffed. Safety on, strapped in tightly. At…

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