It figures

It figures

Figures figures figures..... All eyes are on today's unemployment figure which came in with a disappointing number of only 88,000 jobs added although the total unemployment number dropped slightly to 7.6%. The market hates this number with Dow futures pre-opening down...

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Vertical Spreads (continued)

Vertical Spreads (continued)

Got a bit of a late start today and as I write this (11:35 CDT) the market is having a sort of an anemic bounce with the Dow up 10 and the S&P up 2. Big unemployment number tomorrow so I don't expect a lot of market action today. Two things that I do find...

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Interesting Market Fact

Interesting Market Fact

The S&P 500 has had 12 days in a row that have alternated between a higher close and a lower close. That is the first time this has happened since 1981 (thanks to CNBC for this tidbit) What does that mean? I don't have a clue. As an amateur historian and student...

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Take it Vertical

Take it Vertical

Mixed pre-opening indications from the US futures market (while Europe is very weak), Dow slightly down, S&P unchanged. Hard to say if the counter trend Tuesday argument will hold or not. My bet is that it does and we close lower today. I keep anticipating some...

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Update (with a little extra)

Update (with a little extra)

Wow! That counter trend Tuesday thing has really been spot on lately. Great opportunity to enter a trade. One even had the chance to do this as late as today's opening. Now, is this the start of the pullback I've been expecting or just a quick trade? While I am going...

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Market Commentary

Sometimes social/political stuff thrown in for good measure