Show-me Account Talk

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Still have a LO for UCO @ 9.80 and 9.70 and a sell on FAZ with a trailing stop of 10%. I may tighten that up to 5% if the news this morning is really bad and the futures are down and the PM is showing rally for FAZ.

Good luck and DCA that TSP.
 
Adv. GDP came in way under expectation. I figured that yesterday, -5.4% was way over deflated.

It is advance and the economy is still broke.
 
It's the usual BS "GDP was bad but better than expected stcik save".

I had put in a stop on SRS at 55.50. That might have been a mistake. I still think the market finishes lower today. But I'm at work now so I can't do jack about. Oh well.
 
350zCommTech said:
It's the usual BS "GDP was bad but better than expected stcik save".

I had put in a stop on SRS at 55.50. That might have been a mistake. I still think the market finishes lower today. But I'm at work now so I can't do jack about. Oh well.
Click to expand...

Yup, BS GDP screwed me. But I'll take the profits.

I knew I should have called in sick today.:D
 
Sold FAZ at 50 for a tidy 24.6% gain. Looking for oil for next week. Big earnings week with non-farm payroll on Friday.

To me, oil is a good buy no matter what the data brings.
 
Show-me said:
To me, oil is a good buy no matter what the data brings.
Click to expand...

I'm seeing a lot of value in the miners. I bought this little puppy the last week of October. Up 135.8%. Will sell next Thursday in the afternoon. Want to be flat as a pancake before the jobs report. Normally I sell on day 61 to get the 15% tax rate but have been hanging on.

z
 
The Week Ahead

Last Update: 30-Jan-09 11:05 ET

Earnings reports, economic data and retailer same-store sales results will be in focus in the coming week.

Roughly 100 S&P 500 components are set to report their earnings. Some of the bigger names include Cisco (CSCO), Kraft Foods (KFT), Merck (MRK), UPS (UPS), Walt Disney (DIS), and Time Warner (TWX). Take a look at Briefing.com's Earnings Calendar for more information.

Several potentially market-moving releases are on the Economic Calendar, including the widely-watched employment report on Friday. The U.S. is expected have shed jobs for the 13th consecutive month.

Retailers are slated to report January same-store sales on Thursday. Expect the results to receive additional scrutiny as market participants look for signs of further weakening in consumer spending.

Monday, February 2:
  • Earnings: Humana (HUM), Mattel (MAT), Sysco (SYY), Aflac (AFL)
  • Economic Data: Personal Income and Spending (Dec.)... Construction Spending (Dec.)... ISM Index (Dec.)
  • Events:None
  • Conferences: Credit Suisse Group Energy Summit (Day 1 of 5)... Institutional Investor Infrastructure Investment Forum (Day 1 of 2)... JPMorgan Global High Yield and Leveraged Finance Conference (Day 1 of 3)
  • Fed Speakers: None
Tuesday, February 3:
  • Earnings: Archer-Daniels Midland (ADM), Automatic Data (ADP), Avon Products (AVP), BP (BP), CME Group (CME), Dow Chemical (DOW), Merck (MRK), Motorola (MOT), Northrop Grumman (NOC), Schering-Plough (SGP), UPS (UPS), Electronic Arts (ERTS), MetLife (MET), Walt Disney (DIS), Yum! Brands (YUM)
  • Economic Data: Pending Home Sales (Dec.)... Auto and Truck Sales (Jan.)
  • Events:None
  • Conferences: Credit Suisse Group Energy Summit (Day 2 of 5)... Institutional Investor Infrastructure Investment Forum (Day 2 of 2)... JPMorgan Global High Yield and Leveraged Finance Conference (Day 2 of 3)
  • Fed Speakers: None
Wednesday, February 4:
  • Earnings: Alcatel-Lucent (ALU), Clorox (CLX), Kraft Foods (KFT), Sara Lee (SLE), Time Warner (TWX), Time Warner Cable (TWC), Cisco (CSCO), Prudential (PRU), Visa (V)
  • Economic Data: ADP Private Employment (Jan.)... ISM Services (Jan.)
  • Events: Weekly Crude Inventories (week ended Jan. 30)
  • Conferences: Cowen and Company Aerospace/Defense Conference (Day 1 of 2)... Credit Suisse Group Energy Summit (Day 3 of 5)... Credit Suisse Group Financial Services Conference (Day 1 of 3)... JPMorgan Global High Yield and Leveraged Finance Conference (Day 3 of 3)
  • Fed Speakers: None
Thursday, February 5:
  • Earnings: Bunge (BG), Cardinal Health (CAH), Duke Energy (DUK), Estee Lauder (EL), Kellogg (K), MasterCard (MA), Moody's (MCO), Hartford Financial (HIG)
  • Economic Data: Preliminary Q4 Productivity and Unit Labor Costs... Factory Orders (Dec.)... Weekly Initial Jobless Claims (week ended Jan. 31)
  • Events: Retailers report same-store sales
  • Conferences: Cowen and Company Aerospace/Defense Conference (Day 2 of 2)... Credit Suisse Group Energy Summit (Day 4 of 5)... Credit Suisse Group Financial Services Conference (Day 2 of 3)
  • Fed Speakers: Philadelphia Fed President Plosser speaks at a food and water conference at 8:30 AM ET... St. Louis Fed President Bullard speaks at 1:00 PM ET... Minneapolis Fed President Stern speaks about economic outlook at 2:00 PM ET
Friday, February 6:
  • Earnings: Aon (AOC), Biogen Idec (BIIB), Weyerhaeuser (WY)
  • Economic Data: January Employment Report (Jan.)... Consumer Credit (Dec.)
  • Events: None
  • Conferences: Credit Suisse Group Energy Summit (Day 5 of 5)... Credit Suisse Group Financial Services Conference (Day 3 of 3)
  • Fed Speakers: San Francisco Fed President Yellen speaks to bank directors at 5:45 PM ET.
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20090130110547LookingAhead
 
My two cents.

C,S, and I fund as well as the FTSE and NIKKI failed to break 20 and 50 sma. Dollar is looking toppy and will meet resistance from two weeks ago.

TSP wise I will not trade next week, too much data earnings and economic will come out and swing the markets all over the place.

Trend continues DOWN so why go FULL long. Continue DCA with contributions.

The "Big Bang" plan for financials is suppose to come out next week and that could send the market either way. I fear playing FAZ or FAS as we do not know if Obama will give them free money to buy the **** assets or if the banks will be nationalized.

Oil, I posted over on ETFTalk about the potently strike. It is a big deal and I will buy some more oil. To me oil is the only choice for me right now. If the dollar weakens oil goes up. If refineries shut down or blow up, oil goes up. Terrorist attacks, oil goes up. Natural disaster, oil goes up. Bank bail out, oil goes up. Cut back in production, oil goes up. Stocks rally, oil goes up. Economic recovery begins, oil goes up. China stops buying our bonds, oil goes way up. You get the picture.
 
Show-me said:
Right now all I plan to do is wait for the jobs report and buy oil.
Click to expand...

Show-me,

Are you thinking about buying oil as a long play? I'm considering adding some BP to my position next Tuesday. This is a long play as it is my ROTH and I like the divvy.

TIA,
CB
 
It could benefit them by funneling market share their way or cripple them if the strike directly effects them.

My play is pure oil via ETF at a double leverage. UCO.

The investment will seek to replicate, net of expenses, twice the daily performance of the Dow Jones AIG Crude Oil Sub-Index. The fund normally invests assets in financial instruments with economic characteristics twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.
Click to expand...
 
I don't play any individual stock anymore, one piece of bad data or a rouge player can cause me much pain. ETF's spread out the risk for me.
 
Show, I'm hearing a lot of market noise about buying metals. I know you were big into silver a while back. Are you thinking about buying silver again?

Lady
 
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