Tuesday, January 8, 2008
Market Update: S&P500 (SPX)
When the SPX broke the 1440 support level there really was no other stopping place until the 1410 level where it closed yesterday (Link 1). ...
Monday, January 7, 2008
Trade Update:OIL
We are now short 100 shares of oil after covering the 100 shares sold @ 56.97 for 55.37. That's a 1.60 point profit or 56.97/55.37 = 1.0...
Trade Alert GDX
Take a 1/2 short position on GDX Sell short 50 shares GDX @ 49.30 buy stop 25 shares @ 50.30 buy stop 25 shares @ 51.30
Friday, January 4, 2008
Alert OIL
We are going to add to the OIL short Sell short 100 shares OIL @ 56.97 with a buy stop @ 57.8 We are now short 150 shares.
Thursday, January 3, 2008
Forced Margin Calls and Chicken Littles
Do you remember when the CNBC crowd was telling us everything is rosy, Cramer was singing you buy high and sell higher, while Mozillo was pu...
Trade Alert:OIL GDX SLV GLD IAU
It looks like oil gold and silver are getting ready to pull back. The SLV and GDX are particularly top heavy. They have been running the met...
Wednesday, January 2, 2008
Alert USO
The USO is wedged between the horizontal line at 77.59 which is the 52 week high and the up trend line which began in December at the most r...
Trade Update: USO OIL
There is some news out today that is pushing the price of oil over $100.00 per barrel. The world is finally realizing that cheap oil is no l...
Sunday, December 23, 2007
Trade Update: USO OIL
Let's take a look at our USO OIL trade which for now only consists of a full short position on OIL. The topping process is well under wa...
Thursday, December 20, 2007
End Game
I am an out of work construction worker who is right about the stock market a lot. A lot more than the MBA totin smart Street punks in the f...
Wednesday, December 19, 2007
The Five White Guys Who Run Wall Street
Here we go again. As I have said on this blog Barclay's is insolvent. I've been saying it and even arranged my hedge positions base ...
Ponzi Profits and Pathological Liars
These liars are persistent and pathological willing without hesitation to commit any atrocity for the furtherance of profit. Yesterday forme...
Tuesday, December 18, 2007
Market Watch
It looks as though the Street is making one last push for the Santa rally. See in the chart of the SPX the low in March, the low in August ...
Monday, December 17, 2007
Alert CFC
Country wide is trading at it's lows. A break here could send it down to the pink sheets, but I smell a scam. The specialist may nock th...
Trade Update: USO OIL
We are out of the USO for now having bought back @ 71.74 the 50 shares sold @ 68.74 for a loss of 3 x 50= 150 dollars. The risk of short cov...
Trade Alert USO OIL:
The overall stock market seems to be firming up. The USO is 71.47 coming close to support at the 70 area. With the stochastic under 20 and r...
Sunday, December 16, 2007
The Rescue Scam
Let's say you and I do business exclusively with each other and that our respective banks are the only ones on the planet. Now we write ...
Saturday, December 15, 2007
Money From Nothing 1
Part one of Money As Debt. Where does money come from? When you borrow 1000 dollars from the bank. The bank eletronicly credits your accoun...
Friday, December 14, 2007
Trade Alert: GDX
In keeping with Cramer's Golden Rule notice that the GDX that Cramer tried to dump on you notice that the GDX is trading below it's ...
The Good News Is:We Were Both Wrong
A year or so ago a buddy and me were drinking in a bar when coughing and hacking in walked this guy with disease stamped in red raised lette...
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