UpsideTrader » eurozone http://www.upsidetrader.com My Macro Visions, technicals, and the Calling to Task of the Financial Media Wed, 08 Feb 2012 02:51:08 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 The Morning Morsel-Whipsaw Central & Euro Euphoria Ends http://www.upsidetrader.com/2010/05/14/the-morning-morsel-12/ http://www.upsidetrader.com/2010/05/14/the-morning-morsel-12/ Fri, 14 May 2010 11:10:35 +0000 UpsideTrader http://www.upsidetrader.com/?p=9818
road2 560x420 The Morning Morsel Whipsaw Central & Euro Euphoria Ends

The President's first shovel ready project is a raging success

Losing money is the least of my troubles.  A loss never troubles me after I take it.  I forget it overnight.  But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.– Jesse Livermore

Futures are rolling over this morning as Europe feels some aftershock. The Socialist “cradle to gravers” on the other side of the pond don’t like it when you move their cheese, so the unrest over austerity measures continues. The Euro was such a swell idea and it all gets worse over there.

Morgan Stanley is in the cross hairs now for shorting “doomed to fail” Baldwin CDO’s, and the financials continue to be under pressure.

This market must be traded and not held. From my perch we have returned to a serious “rental” market. If you are long the dips you better sell the rips and feed the ducks when they are quacking. Big money can be made, but you need to know your levels or you will just be paying your broker. It’s a great trader’s market right now.

We went short yesterday at 3PM. Some winners on my Premium Service, issued Sunday and Wednesday night were:

X +4.50, DCTH +1.50, LLEN +.70, AGM +.80

Have a great day trading.

Friday, May 14, 2010
Economic
08:30 US April Advance Retail Sales
09:15 US April Industrial Production, April Capacity Utilization
09:55 US May Prelim Univ of Michigan Confidence
10:00 US March Business Inventories
Events
13:40 Fed’s Evans speaks at Illinois Wesleyan University. CTIC shareholder meeting. TIBX to be added to the S&P400 after the close of trading.
Earnings
Before the Open: JCP.

]]> http://www.upsidetrader.com/2010/05/14/the-morning-morsel-12/feed/ 0 The Morning Morsel-Sovereign Failures? No App For That http://www.upsidetrader.com/2010/02/05/the-morning-morsel-sovereign-failuresno-app-for-that/ http://www.upsidetrader.com/2010/02/05/the-morning-morsel-sovereign-failuresno-app-for-that/ Fri, 05 Feb 2010 12:32:34 +0000 UpsideTrader http://www.upsidetrader.com/?p=7638 euro2 300x235 The Morning Morsel Sovereign Failures? No App For ThatWe all know by now that the Eurozone is facing big challenges. The conversation now moves to the contagion issue. How bad, how deep? Greece, Spain, Portugal, and Italy obviously have deep seeded issues. If the greatest nation on planet earth is on its heals, how can we expect a country like Spain, with 25% unemployment and a crashing real estate market rise above the challenge?

We’ll see how this plays out in coming weeks. Was it just a fantastic knee jerk reaction? Timing for the bears couldn’t have been better  as the S&P was hanging around its own lofty level of 1100 when most of this news broke.

Non farm payrolls are released shortly and today will be huge from so many angles. Be careful today and turn CNBC off. The S&P looks like it will get a magnetic pull to the 200 DMA. World markets are getting hammered. Good luck today.

Friday, February 05, 2010

Economic
06:00 Brazil Jan Inflation
06:30 Chile Dec Economic Activity
07:00 Jan Canada Net Employment Change, Unemployment Rate
08:30 Jan Nonfarm Payrolls (last -85K), Jan Unemployment Rate (last 10.0%), Jan Manufacturing Payrolls (last -27K), Jan Average Hourly Earnings (last m/m 0.2%, y/y 2.2%)
15:00 Dec Consumer Credit (last -$17.5B)
16:00 Colombia Jan PPI
Events
12:00 Treasury Sec Geithner to attend G7 meeting. 17:15 Fed’s Bullard to speak in St. Louis. Trades Ex-dividend: PLL $0.16, ISIL $0.12, KMT $0.12.
Earnings
Before the Open: AET, AYE, AXL, AIV, BZH, BPO, BRKS, SUR, LRN, KELYA, MAG, MD, NNN, PPL, PBH, SXT, SPG, SEP, TE, TSN, VVI, WY, YRCW
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]]> http://www.upsidetrader.com/2010/02/05/the-morning-morsel-sovereign-failuresno-app-for-that/feed/ 0 Futures Up Slightly http://www.upsidetrader.com/2009/05/04/futures-up-slightly/ http://www.upsidetrader.com/2009/05/04/futures-up-slightly/ Mon, 04 May 2009 12:34:15 +0000 UpsideTrader http://www.upsidetrader.com/?p=2101 painter mask 300x206 Futures Up Slightly As I watch a little CNBC this morning I really hope that good old Warren Buffet lives forever, because if I had to listen to Charlie Munger, Joe Lieberman on Qualudes, I would lose it.

Europe is experiencing some seroious unrest over the economy, specifically unemployment. This is from RGE Monitor:

  • May 1: May Day protesters clashed with riot police in Turkey, Greece and Germany while French unions led their biggest ever Labor Day demonstrations amid growing public anger in Europe at unemployment and the handling of global economic crisis (Guardian)
  • Unemployment is on the rise across the continent. The European Commission expects an unemployment rate of 8.75% in the EU27 and 9.25% in the eurozone in 2009. In the Euro area, the unemployment rate was 8.5% in February 2009, 1.3% higher than a year earlier (OECD)
  • Labor unions in the EU are scandalized that the governments are handing money to banks when workers’ pay is stagnant. Moreover, bailing out banks could mean drawing funds from social welfare programs (Euractiv)

There will be plenty of earnings to keep us busy this week so watch your positions and be aware. Will they sell in May or stay and play? Stay tuned.

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