Author Archive

• Weekend Linky Dinks- Confusion,Financial Death, Obama, China and Bernanke
  UpsideTrader, Joe Donohue | January 23rd, 2010 at 12:46 pm

  

  The week started off with Scott Brown pulling off the political upset of the century, then fears about China tightening kicked in, so commodities and materials got demolished. On Wednesday,Obama gave political populism new meaning with his strongly worded threat to the financial sector, against the best advice of Geithner and Summers,which was really viewed as a threat to any entity that trades publicly. The market has been in a state of free fall ever since, roughly a 500 point fall in the DOW since the speech—-so far. People may hate banks, but they love their 401K’s more, I guess Washington doesn’t understand how the stock market really works. As Jamie Dimon said last week, and it was the title of last weeks post. “people don’t care if we fail, as long as it doesn’t hurt them.” Well, this week it hurt them.  A comment evidently lost on this administration.

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• The Morning Morsel-Goldman On Deck
  UpsideTrader, Joe Donohue | January 21st, 2010 at 7:59 am

  

  The market took a tumble yesterday on strong chatter of China tightening, just wait until we see an uptick. As a result, commodities and materials took a thumping, I think they are also becoming sweet  buys by the way, it is also the only bull market I believe in, yet I’ve never been so long in other sectors.

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• Morning Morsel-Brown/Coakley and Citigroup In Focus
  UpsideTrader, Joe Donohue | January 19th, 2010 at 8:15 am

  

  Interesting day for Massachusetts and the country, as politicos on both sides jockey for position. The outcome may or may not have an effect on the market, but the drama should be fun nonetheless.

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• Update
  UpsideTrader, Joe Donohue | January 18th, 2010 at 11:55 am

  

  Asian equity markets started the new week on a down note, tracking the overall pessimism seen in the US on Friday following disappointing results from JPMorgan, but have since pared some of the opening weakness. Nikkei225 remains the biggest loser with a 1.5% slide, but still off session lows

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• Weekend Linky Dinks-Healthy Pullback or a Shot Across the Bow?
  UpsideTrader, Joe Donohue | January 16th, 2010 at 11:22 am

  

  It was a sloppy week for the market and an ongoing nightmare for the people in Haiti, aid pours in, but bodies pile up. The government is taxing the banks, even if they weren’t TARP babies and if you work for a union you don’t have to pay taxes on your insurance. Brown is ahead in Massachusetts and Google flipped China the bird.

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• The Morning Morsel-The Baton Gets Passed to JP Morgan
  UpsideTrader, Joe Donohue | January 15th, 2010 at 7:58 am

  

  Johnny is gone, poor Ed McMahon is sipping steak through a straw somewhere, so we are left to watch the battle of the ego’s, two men that could buy Haiti 1000x over. Conan’s walk away check is in the $35 million range and he will probably land on the doorstep of Fox for another $30 million. Sweet work if you can get it. When you look at the tragedy in Haiti it reminds us that we truly do live in lala land.

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• Morning Morsel–Tax on Banks and Google Goes Rogue
  UpsideTrader, Joe Donohue | January 13th, 2010 at 8:44 am

  

  Well the financials were working on a heck of a breakout aided  by a bullish trend line until Congress announced yesterday that they want to put a $100 billion tax on 20 of the biggest TARP recipients. It’s $100 billion over ten years, shouldn’t be a problem because like everything else they will pass it on to us. The bodies are still warm but the innate desire to tax was just too overwhelming for the folks on the Hill I guess. The XLF got hammered yesterday.

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• Morning Morsel- “You Are On Pandora”
  UpsideTrader, Joe Donohue | January 11th, 2010 at 8:06 am

  

  First it was the gang from the “last shoe to drop” category, commercial real estate, that just finished printing new 52 week highs, now it’s the financial sector that is heading for their own highs. As I’ve said before, there is no playbook for this market, so shake it off and just play along with the other kids in the sandbox.

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• Weekend Linky Dinks-The Jobless Uncovery
  UpsideTrader, Joe Donohue | January 9th, 2010 at 2:02 pm

  

  So we lost 80,000 jobs yesterday, but the Gipper spoke at 2:30 to announce another entitlement program, this time with clean energy to promote jobs. Happy days are here again. Some factory in NH gets to pop out a few windmills now. A true game changer, riveting, almost life changing was the speech.$2.3 billion for 17,000 jobs, that comes to $130,000 per job.

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• Morning Morsel-2010 Kickoff
  UpsideTrader, Joe Donohue | January 4th, 2010 at 7:56 am

  

  First off, good luck to everyone this year with your trading. I think 2010 will be one to remember as well, although the charts won’t go from the lower left to the upper right without hesitation like we saw in 09. If they do, then Cramer and Kudlow will have been right all along and I will have to commit suicide on StocktwitsTV.

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• Weekend Linky Dinks and Happy New Year
  UpsideTrader, Joe Donohue | January 2nd, 2010 at 11:07 am

  

  Happy New Year to all and to all a great 2010. As in any new year we kick off with questions. What will happen to the economy when the Fed pulls monetary stimulus and government spending? Have the financials had their move or will they march higher? What will happen after first quarter earnings season? What is the case for oil and the recovery when things heat up with Israel and Iran? Notice I asked when, not if.

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• My 2010 Predictions
  UpsideTrader, Joe Donohue | December 30th, 2009 at 8:00 am

  

  The Big Kahuna is but days away, another decade begins and I’m another year wiser. Correction, after 2008 and 2009 I’m a freaking genius. We stood on the precipice of Armageddon in March, but the bulls took charge and said “not on my watch.” We recovered from major household financial names going bankrupt, we saw the Big Three become the Big Zero and we kicked off the New Year with many fears and anxieties. I’ve bee trading for twenty five years and if I live to be a hundred I doubt if I will ever witness such fascinating times again. My kids may, I’ll tell them to go short when I did, but to get long sooner than I did.

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• Weekend Linky Dinks
  UpsideTrader, Joe Donohue | December 27th, 2009 at 11:08 am

  

  Three and a half more trading days until Twenty Ten is upon us. What a year it was for the bulls, not so much for the bears. The sky never fell, although it got heavy at times, but  the unwavering bid underneath the market never disappeared.

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• Morning Morsel-Global Uptick
  UpsideTrader, Joe Donohue | December 23rd, 2009 at 8:14 am

  

  Global markets are ticking higher yet again and the Santa rally remains in tact. We closed at fresh yearly highs on the S&P yesterday and traded through 1120 intraday. Let’s see if we can break through that level and close there today.

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• Morning Morsel-Thy Bill Be Done
  UpsideTrader, Joe Donohue | December 22nd, 2009 at 8:04 am

  

  It wasn’t the will of the people but it’s done and the beat goes on. Many in the medical profession called the suicide hotline yesterday, but were put on hold. Please let me know how it all works out, I’ll see you in a few trillion. Obama said yesterday that “we can’t treat tax dollars like monopoly money.” I’m fuzzy, warm and felling better already.

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