Author Archive
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No data and pent-up energy fixing to spring
akoptiontrader, Glenn Godfrey | December 8th, 2009 at 8:10 am
Believe it or not, on such a miserable single trading day, there were a couple things to note. For instance, the UUP was strong until Bernanke came out and said that rates would stay low. Also, the VIX and VIXN were both up today, we did not have a huge correction.
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Weekly Video
akoptiontrader, Glenn Godfrey | December 7th, 2009 at 7:56 am December is known for being a positive month in the market, mostly due to the Santa Clause rally. This is usually spurred on by good retail numbers, and this year our retail numbers have not been that stellar. Originally, they were reported as bte, but we have now come to realization that our spending numbers are lower than first reported, and worse than last year.
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Weekly Video 12/7/09
akoptiontrader, Glenn Godfrey | December 6th, 2009 at 10:05 am December is known for being a positive month in the market, mostly due to the Santa Clause rally. This is usually spurred on by good retail numbers, and this year our retail numbers have not been that stellar. Originally, they were reported as bte, but we have now come to realization that our spending numbers are lower than first reported, and worse than last year. read more...
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apparently bears engulf a little before hibernating
akoptiontrader, Glenn Godfrey | December 4th, 2009 at 8:06 am It seems like I was in hibernation, but I am back. I was a little busier than I anticipated, and I just got home a little over an hour ago. Let me tell ya, it is an awesome time of year to be driving in the dark in Alaska. I least I don’t have to worry about the bears… or do I?
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Curse you Cramer
akoptiontrader, Glenn Godfrey | December 1st, 2009 at 7:05 am Okay I admit it, I used to watch Cramer, not so much anymore. I really didn’t like that lightning round thing. I did empathize with the guy a little, after all he had to find four or five stocks that he would call as a strong buy every show. He never called shorts, at least when I watched.
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Head butting
akoptiontrader, Glenn Godfrey | November 24th, 2009 at 8:22 am So I forgot that I have a meeting tonight, tomorrow night, and then Wednesday I head north for the weekend. So my posts will be short and sweet. I don’t think you will see much from me Wed – Thur unless I have an inspiration of some sort. Perhaps I will throw up a couple of my favorite videos for you to munch on. I will try to do a post tomorrow night, but like I said I have a meeting that usually lasts till about 10 pm AK time or 0200 hrs. New York time.
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Weekly Video
akoptiontrader, Glenn Godfrey | November 23rd, 2009 at 8:28 am So here we go into another Thanksgiving shortened week. When I look through my trusty Almanac, it seems that the last 5 Tuesday’s have been up, small but up, and according to the Almanac, most of the time if you go long Wednesday and sell end of day Friday you will end up with a decent gain.
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The kick off candle formed today
akoptiontrader, Glenn Godfrey | November 20th, 2009 at 9:19 am Well that was a pretty good start to what should be some continued downward movement. If these tops conform to the past moves, we should see around 9 down days ( not all down just all trending down) from here. However, if this was truly a top, I would expect a little different action. After hours Dell missed earnings, badly we could certainly feel some repercussions from that. Everything was weak today but especially tech, housing, energy and financials all mkt. leading sectors. Let’s look at some charts:
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Use SPX 1100 to protect against sunburn
akoptiontrader, Glenn Godfrey | November 19th, 2009 at 8:20 am Like always my Wednesday post is a short late night post. There really is not much to say. We had bad news and the mkt. took it all in stride. You know I think there is a lot more bad news to come, but without v in this mkt. I think it is a crap shoot right now as to direction. I am still watching the dollar closely and the VIX seemed to have really broke down today. Let’s look at a couple charts:
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UUP up the market up, what’s up ?
akoptiontrader, Glenn Godfrey | November 18th, 2009 at 8:17 am Once again we fly off to new highs on most indexes. There was no true direction all day today, but we managed to close a little higher, again on weak v. Early in the day the UUP and the VIX were both up, and the UUP managed to stay up, but the VIX finally gave up its gains.
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Are we there yet?
akoptiontrader, Glenn Godfrey | November 17th, 2009 at 8:07 am Well we pushed up a few more points, like I have been pining for. But, there’s always but with me, we did not push up quite high enough on the SPX.
