Emini FuturesCast / The Daily Pod 08/08/11
Crash? Burn? Sky Is Falling?
You name it, chances are you've heard it or will hear it before it's all over. When will that be? I don't know. I do know that I tend to wax eloquent when there's really not much going on. But with the Dow Down 600 Points there will be plenty of folks fighting for your attention. Everybody deserves their 15 minutes so give 'em a listen or a read and when the dust settles... I'll be here. Mozying around. And we can chat then...
I will show you a few things they can't...
Emini FuturesCast / The Daily Pod 08/03/11
Are we there yet? Great question! I don't know...
Here's what I do know. We tested the extreme lower range of our Weekly Trading Zones and bounced back. Today's only Tuesday. Today we had an interest in selling rallies. If we can open positive tomorrow after the Asian and European sessions, we may be prepared to buy the dips. If we do buy dips they will be on a very short leash in the grand scheme of things.
I had an interesting conversation today with a very intelligent fellow. He said to me "I'm a trader but I'm not a scalper". Which caused me to think about a comment I hear at least once a week "I'm a short term investor". hmmmm.....
Which box do you come packaged in?
Emini FuturesCast / The Daily Pod 08/02/11
Happy Wi-Fi Day! True story... 8.02.11 get it? Never mind. Anyway it's a genuine geekified holiday and nerds are partying it up from Moscow to Modesto...
Emini FuturesCast / The Daily Pod 08/01/11
As Monday's go... this was almost a Tuesday. Almost. The Slingshot Ninja fired without a hitch last night but started to lose altitude at 1308 (no surprise). The Globex gap managed to hold though until the ISM numbers came out and down she came. Way down. Hard. In case you're new to the markets there's a word for that "Volatility". The term volatility indicates how much and how quickly the value of an investment, market, or market sector changes. Here's a 60 minute candle to give you an idea -
Sunday NIght Globex Opening Update
Emini FuturesCast / The Daily Pod 07/29/11
George waves good-bye (read more)
Are you long or short? Perhaps you're not a gambler and chose to reamain on the sidelines while the good folks on Capitol Hill decide the state of our nation. As we mentioned on the show, it was reported yesterday that the US Treasury now has an operating cash balance of $73.8 billion -- $2.4 billion less than the cash that Apple, the computer giant, has on its books.
The reason is simple: Apple collects more cash than it spends. With Washington, it's the other way around. And increasing Washington's revenues via higher taxes does nothing to rein in spending.