tag:blogger.com,1999:blog-35316766.post4699524364555232477..comments2023-11-03T09:17:54.879-04:00Comments on The Perplexed Investor: A. M. PostLeisa♠http://www.blogger.com/profile/10237875938400587600noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-35316766.post-55922514556535985122008-07-09T21:03:00.000-04:002008-07-09T21:03:00.000-04:00$XOI is at it's 300 day moving average..The 300 dm...$XOI is at it's 300 day moving average..<BR/><BR/>The 300 dma has been a support area for the oil stocks throughout the entire bull market...<BR/><BR/>How $XOI behaves around this moving average could hold the key to unlocking oils future direction...<BR/><BR/>palce your bets...<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-32041301894504479152008-07-09T16:18:00.000-04:002008-07-09T16:18:00.000-04:00Jim Cramer told viewers of CNBC's "Stop Trading!" ...Jim Cramer told viewers of CNBC's "Stop Trading!" segment Wednesday to avoid financials.<BR/><BR/>... and.... people sold...<BR/><BR/>Jim cramer said to sell GM at $11 2 weeks ago - 2 days later after his recommendation it went to $13 in a short covering rally... <BR/><BR/>Basically the bears are feeding stories to Jim Cramer - after all - his recommendations lately are done after the stocks he pans are oversold in all timeframes...<BR/><BR/>--<BR/><BR/>People are aware right that Ben and Paulson are testifying tomorrow?<BR/><BR/>No one wanted to stick around?<BR/><BR/>That is understandable - and they mini intraday panic offered good trades for shorting...<BR/><BR/>The gold stocks left one of those upside down hammer thingie's - sell those instead?<BR/><BR/>Or are we entering the point where the 'truth must be told'<BR/><BR/>The market is really weak - and the large commerical banks did not add back to any of the large S&P contract position they dumped at the end of last month...<BR/><BR/>Intraday however...<BR/>The cash S&P dropped 20 points - the futures did not...<BR/><BR/>I'm not so sure I would be wanting to hold a large short position ovennight into tomorrow's testimony... <BR/><BR/>1220 is getting closer...<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-48137966814002211872008-07-09T11:24:00.000-04:002008-07-09T11:24:00.000-04:002ndWas short from up in the 140's and covered yest...2nd<BR/><BR/>Was short from up in the 140's and covered yesterday (nice!)- <BR/><BR/>IMO the action in oil prior to the recent decline was B.S - all the gains in oil were happening in the afterhours market on low volume<BR/><BR/>Did go long Oil yesterday and sold into the opening bounce on the Iran Missiles stuff (ok profit)<BR/><BR/>Not sure what to do next - 143.5 139.5 133.2 126 are some of the levels I'm lookin at...<BR/><BR/>Seems like there is some kind of trade (or operation?) going on where the S&P500 is sold everytime oil tries to move up...<BR/><BR/>To be honest I've been doing better buying stocks (such as some of your picks) that benefit when oil falls...<BR/><BR/>CAF appears to be holding the support levels we discussed a while back - and has been showing relative strength the last 4 days - so far so good...<BR/><BR/>Still a pretty tricky market - and could remain so until after we get some earnings from some of the 'big guns -<BR/><BR/>Mostly watching the USD latetly - its at the bottom of its short term uptrend channel - what's been interesting lately is that even as the 10yr yield has been dropping the USD has held up a bit...<BR/><BR/>good luck..<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-85454816859951178322008-07-08T22:38:00.000-04:002008-07-08T22:38:00.000-04:00nice- are you still short oil? hope so..it's been...nice- are you still short oil? hope so..it's been a 'nice' week so far...<BR/><BR/>2ndAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-55116517606050888532008-07-08T18:57:00.000-04:002008-07-08T18:57:00.000-04:00LOLNotice today that the market did not want to go...LOL<BR/><BR/>Notice today that the market did not want to go up until 2:30 <BR/><BR/>Ben B made assurances - market sold off ..<BR/><BR/>Oil was down - but after initial positive reaction - market went down.<BR/><BR/>Even Freddie and Fannie after the government said everything was OK - did not want to go up in the morning...<BR/><BR/>Then...<BR/><BR/>All of a sudden those BUY programs kicked in... and the market rises..<BR/><BR/>Now the financial media does an about face - and throws out yesterdays' Indymac FRE FMN 'bear market has started' stories - <BR/><BR/>and is now telling the public what todays bounce 'means':<BR/><BR/>"there is light at the end of the tunnel"<BR/><BR/>Who thinks some of these stories were already written? LOL<BR/><BR/>I'm still amused that every intraday move up in the market is interpreted by many as some manipulation by the HB&B or some other acronym...<BR/><BR/>Future premiums refused to drop all day every time the cash price dipped - that combined with the fact that we had 15 days in a row of not being able to close above or near yesterday's high - gave high odds for an upmove into the close.<BR/><BR/>However still a bit odd that the Asian ADR's did not trade higher in the session... <BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-90887442961737255642008-07-08T16:04:00.000-04:002008-07-08T16:04:00.000-04:00A 'nice guy' said"S&P 500 has been downtrending fo...A 'nice guy' said<BR/><BR/>"S&P 500 has been downtrending for 15 days now without a close above the previous day's high...<BR/><BR/>wanna play the odds?"<BR/><BR/>... You played the odds right???<BR/><BR/>Always plays to play the odds...<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-82389166828512412462008-07-08T14:06:00.000-04:002008-07-08T14:06:00.000-04:00Is anyone getting tired of this?Oil goes up 50cent...Is anyone getting tired of this?<BR/><BR/>Oil goes up 50cents market goes down 3 points..<BR/>Oil goes down 50cents market goes up 3 points...<BR/><BR/>LOL<BR/><BR/>S&P 500 has been downtrending for 15 days now without a close above the previous day's high...<BR/><BR/>wanna play the odds?<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-56024865249253286822008-07-08T11:47:00.000-04:002008-07-08T11:47:00.000-04:00Good 2 day bounce in the airlines...Yesterday a po...Good 2 day bounce in the airlines...<BR/><BR/>Yesterday a popularly followed economist said to sell airlines... <BR/><BR/>Economists make bad traders in the short term - do the opposite...<BR/><BR/>Interesting to see resource stocks now being sold when the underlying commodity moves up - that happens I guess when everyone was overweight 1 or 2 sectors...<BR/><BR/>niceAnonymousnoreply@blogger.com