The markets are dragging ass this morning and I have nothing constructive to add so I wrote this poem, some of you may remember it from your childhood.
It’s raining, it’s pouring
The old man is shorting
He went to bed, got some head
And woke up WAY richer in the morning.
Sorry guys, you are gonna have to pass that pipe to someone else. I remember the D.A.R.E. commercials and this looks like it leads to ass rape.
The 1 hr chart shows the breakdown of a major support line. I wonder if KY jelly has gone up as much as the other lubrication products?
The daily chart shows aapl getting black fucked pretty hard on this one. Who know’s what happens from here, does Peter North join and make it a interracial slop fest? Perhaps magical fairies from Israel step in and buy it with all the profits they have made from gun sales this year?
Regardless, my inventory on AAPL has changed dramatically over the last two trading days and its anti hopium, high probability, tested vega positive.
Somehow this is relevant.
Getting a late start on this one due to my other other job. Anywhoo, market is poised for a strong start to this following its worst week so far in 2012…thus far. It’s still an interesting market here, I’m not convinced buyers are back on the court just yet. That being said, I will be adjusting my stops and reducing some of my short inventory today to protect profits.
This is a great time to be looking out for both new short and long entries… Trade AS IT happens. Preparation and consistency is key here.
Happy trading folks.
Look at that, an up day in an up trending market, imagine that! Let see what happens when we get back to the 30 day SMA. Until then, lets let the scalpers have their fun until someone pushes the drama button.
Big sell off yesterday, woke up to the futures recovering significant losses yesterday. Remember old support becomes new resistance. Be careful trading, this is getting nasty. Nasty like Sarah Jessica Parker.
Have a look:
See that nasty horse like resemblance? It’s ugly, it’s nasty, and it will buck you if you are not careful. Ugh. What a face!
Market is pausing yet again to start the day off today. Dow is down about 100 and the Nasdaq futures are off about 1% as well. AAPL is crashing the whole marketplace down 5 bucks. Sky is falling really.
Let’s not freak out. Support is near. Have a look at some of these charts, take a deep breath and remember that a market pause in an up trending market actually means risk is being taken OFF of the table. T
Ill be back in to AAPL at 621. Also looking for a nice setup on SPY.
The Nasdaq. AHHHHHH its over!!!!!!!! The sky is falling!
SPY. The 140 ish area is looking like a good area for some spreads.
Everyone is talking about it so I guess I will too.
Americans collectively blow $25 billion dollars on lotto tickets every year.
56 possible numbers. You need to hit 6 right so your odds are:
56 * 55 * 54 * 53 * 52 * 51 = Fuck that!
Where could we better spend 25 billion dollars? 25,000 / 330 = $78/ american on average. Actually, this number is worse because you have to be above 18 years old to play the lottery. That is rigoddamndiculous!
Where could I better spend $78?
A day at vail
A bull put spread
A dinner date
1/2 a costco run
My bleeding savings account
2 lift tickets at a bike resort
28% of a weekend in NYC
I know there is something that I need on Amazon that costs exactly $78.
Birth control since that is in the news
A new pairing knife
1 tire for my jeep
1 tire for my bike
1 tire for my other bike
1 tire for my other other bike (last week I was in my other other benz)
1 credit hour at a community college
9.75 months of netflix
$75.75 is actually exactly what verizon wireless charges me for 1 month of cell service.