Browsing All Posts published on »July, 2011«

Bulls on Parade….

July 31, 2011

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……but for how long? Rally round the family (Speaker of the House and Majority Whip) With a pocket full of shells! (and about 218 votes) The S&P futures dropped back to 1285 late Friday with pervasive uncertainty over the debt situation (unfortunately we didn’t have the chance to get long again @ 1283 and risk new lows). I […]

One day at a time….

July 29, 2011

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Of late my posts have been very market-centric, and on this beautiful summer Friday I need to take a moment and be grateful for my sobriety and all that’s come with it! I’m approaching 4 1/2 years (amazing how time flies) without a drink. I’m incredibly proud and forever indebted to my family, friends, wife, […]

High Five Friday!

July 29, 2011

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Who cares about this so-called “Financial Armageddon” when you can scalp S&P futures for 12 points in 1 1/2 hours? If we dip back to 1283 (200 day moving average), I would get long again with a 5 point stop (overnight lows 1278.50), otherwise you take your $$ and run like Steve Miller and his […]

Hello Darkness My Old Friend……

July 29, 2011

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I’ve come to talk with you again Because a vision softly creeping Left its seeds while I was sleeping And the vision that was planted in my brain Still remains Within the sound of silence -Paul Simon What you’re hearing is the whoosing sound of an economy headed back into recession (which many people could […]

Great success!

July 28, 2011

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In the event that you took the round about reco to be SHORT Sept RBOB and LONG Sept HO (gasoline v. heating oil) spread yesterday (psuedo crack spread)……may I present you with a gift horse that you ought not look in the mouth. That spread moved “our way” by between 4 1/2 and 5 cents […]

Is it just me?

July 28, 2011

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or is the entire debt ceiling dog and pony show very reminiscent of the (just ended) NFL lockout? Parallels: Everybody “wanted” football to be played and the labor issue to be resolved, but nobody quite understood all the ins and outs of the process. Nearly everybody wants to avoid default, ergo they want to raise […]

All that glitters……

July 28, 2011

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…..is not Gold, so why not trade Silver? I mentioned in the first SI recommendation (selling the 43.50 calls) my preference for Silver options (SI) as opposed to Gold (GC) because it’s inherently a more volatile product. Volatility is NOT a four letter word in my experience, nor is it something that ought to be […]