Monday, November 26, 2007
Alert CFC
This one is easy. We will now short Countywide Financial CFC. This seems awfully late to the party, but this blog is less than a month ol...
Alert SPY
With the stochastic rolling over from about 95 on the 15 minute chart it looks like this rally attempt will take a breather right here. Add...
Trade Update
Well this is my first post since Tue. Nov 20. I was on the road and out of touch with the market. It looks like our short of 25 shares of SP...
Tuesday, November 20, 2007
Crossing The Rubicon
This is a cogent article from blog.wired, but it downplays the threat. It says oil won't run out in our lifetimes. I have seen charts in...
Alert
We continue to watch Ambac and MBIA . For Ambac ( ABK ) it's 52 week low is 20.55. A break below that and by by . Similarly a break bel...
Monday, November 19, 2007
Warning
Along with the implosion of the mortgage lenders, home builders and the banks there is a new kid in trouble on the block. It is the bond ins...
Rough Start
It appears that the S&P500 will be in a choppy range between 1400 and 1500. The market will open lower on a Goldman Sachs downgrade of C...
Sunday, November 18, 2007
The Band Played ON
I tell people the next Great Depression is already here. Their inevitable response is "It doesn't feel like a depression". Wel...
Golden Godfather
One reason for starting this blog is to inform novice investors of the criminality of Wall Street. You must understand that Wall Street is n...
Friday, November 16, 2007
Plunger Alert
Well it looks like the plunger group is right on time. Look at the SPX or DJIA in the 15 minuite chart. Up sharply in the last half hour for...
Alert GS follow up
We are out of GS @ 223.35. We entered 25 shares @ 228.3 for $123.575 loss. If there is going to be a Santa Clause rally GS will have lead, b...
Bond to Insurers Implode
In the wake of recent mortgage lenders implosions and home builders implosions, it seems that there will be a wave of bond insurer implosion...
Alert
We are going to enter a long position on the S&P500 using the IVV . The stochastic are turning up in the 15 min chart as in comes up ou...
SPY
If the SPY can hold yesterdays low 144.54 it will have formed a lower high. The trend line from the Aug. low of 137 to the March low of 136...
Thursday, November 15, 2007
Alert
The SPY are in a downward channel beneath the 100 dma. Click the link to see the chart, http://http//bigcharts.marketwatch.com/quickchart/qu...
US Stock Futures Point to Lower Open
Never mind guessing what will happen overnight did you see what happened at the close? They rang the bell a minute early and all the floor t...
Wednesday, November 14, 2007
Alert
It's hard guess what will happen overnight. They seem determined to keep this thing up. GS is to big a risk right now so I will short th...
Prelude to a Depression
To see why the risk of financial companies has not fallen, but actually risen read this from Chris Laird at the PrudentSquirrel . http://ww...
Alert
The gaps are filling on GS BSC and the banking index BKX . Now I want to see them bring them back up again to form a lower high. If that oc...
The rats are leaving the ship
OK I think I know whats going on. This is a pump and dump. Look at the financials, they are in full blown rally based on this BS from Bloom...
Stocks Headed For Higher Opening -
Today we will have to lay back a bit. The market is poised to rally off some BS inflation numbers. I will try to short into this rally. http...
Tuesday, November 13, 2007
Market Notes
The DOW is up 311 points because Wal -Mart projects improved earnings. HUH? Don't believe it. This thing is begging sell me. An aggressi...
Market Notes
The entire market gaped up this morning. I think it was just short covering. The stochastic on GS is finally beginning to roll over. The re...
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