Posts Tagged ‘ $GS ’

The News Market

I always find it interesting how technicals and fundamentals often line up at turning points in the market.  As you know, I’ve been significantly long throughout this entire run the past few months.  When the market got a little extended short term, I pulled in the reigns and raised some cash, never north of 15%, [ READ MORE ]

Momentum Book Update

This was consolidation week in the market, holding gains was priority number one.  We came in overbought and exited on a strong note after a week of opening gaps that all got filled.  By Friday afternoon I upped my exposure to over 90% as I believe a powerful rally is brewing.  I continue to pick [ READ MORE ]

Get Ready to Load the Boat

The market took a break today as expected, materials names were weak as the dollar moved up the better part of the day.  Goldman Sachs $GS continues to be the most important stock I’m watching, it tested that major 160 level this morning and was summarily rejected.  Buy some puts on Goldman as a hedge [ READ MORE ]

Market Getting Extended

The market ripped higher yesterday slicing through that 20 day moving average like butter.  We ended the day right under the 50 day moving average and this morning the $ES_F is up almost 5 points.  Take a look at the $USDX this morning, it’s surging off a strong level of support, but equities haven’t moved. [ READ MORE ]

We’ve Got Video!

We’ve got video!  I’m stoked that I’ll be able to bring you guys more ideas now that I can run through charts in this medium, it takes too long to post 15 charts to the blog.  The picture you will see behind me is one of my favorite paintings, by Picaso, it is my own [ READ MORE ]

Market Update

I’ve been slacking on the technical analysis side of this blog lately, mostly because putting all of the charts up here really is time consuming, and it’s far easier to just upload them to Chart.ly.  If you read this blog for the technical analysis aspect, or just the general market commentary, please make it a [ READ MORE ]

Thanks, But the Fun is Over

I’ll get to the market a little later, today’s action was interesting for sure, but I want to talk about what happened on the hill today.  Mr. Volker sat for the Senate finance committee today and took questions regarding separating commercial banking operations from proprietary trading.  He seems to believe that these two things should not [ READ MORE ]

A Little Commentary on the Fed

It seems that the main issue here revolves not around the fact that the Fed bailed out $AIG, but that AIG paid out 100 cents on the dollar to $GS for the derivative contracts.  You know this already, or at least should.  I think everyone is in agreement that there was no other option but [ READ MORE ]

Weekend Reading – Massacre or Mutual Fund Monday

Feels like 2008 all over again doesn’t it.  Monday morning is going to be very interesting given that we are back to politics in Washington creating volatility in the market.  For a while there the focus was actually on companies, ironic that $IBM $INTC and others are blowing out earnings, top and bottom line, and [ READ MORE ]

Momentum Book Update

The momentum book under performed a little bit this week as I am heavily loaded in tech and not exposed enough to the materials sector.  Large cap tech is taking a rest here after its amazing run.  Are we topping out or consolidating for the next push?  I feel its the latter and not the [ READ MORE ]

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