I won't be bullish on the jobs number for a while -today's joblessness was a different story
you know claims are running out and i believe the number is skewed better for that reason
The mich consumer confidence had a serous effect last friday
I would think in light of the decent earnings report we should see a little follow through
in Jcrew and Wsonoma as well as oil but i believe it will need the market to break out
the dollar is the key again Oil a weak enough green backl oil will retest the highs as predicted
and pull the market along with it
I gave you a lot today and I am going to the Hampton's with my lady and I will make some early adjustments but you will have to trade without me friday
after today no one should have a problem I handed you guys this one this was a thing of beauty
I may load the blackberry but generally i do not like trading outside the war room without a news feed and Im from my NYSE guy and a chart.
Natty will break out but we have a definite pattern and there was a serious amount of put buying on the 2 line...wow some may just many contacts that they need some may know something we don't -needless to say put buying in the thousands of contracts this month on the 2 line makes me deeply uneasy. I want to keep buying the lows and selling out the spare contract
at today 3.26 bought 3.10 each day the low keep getting lower so you have to trade or you will get buried by this-i expect it to dip again but one of these days you can bet we will double and triple and i will be long that day I hope
has anybody traded ERF we are having a very nice time buying at 20.5 this issue is a natty long trem play we have now picked up a half twice so we can begin to just carry this issue on the next dip we buy and hold after the two trades
AIG sell puts maybe?
hgsi long the 20 line
goodluck I am always available for questions from members from email
i know you guys all mad emoney today that buy reco at 70 "this is how we do it"
you have to love that buy!
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