Talkaboutrollercoasterride.
Weknowearningseasonbringswithitvolatility,butthedayliketodaydefinitelyismorethanmostofusexpected.Foradaytrader,itmightbeagoodthingsincedaytradercantradebothendsofthemarketandhehastheluxuryoftimetowatchthetapetickbytick,however,itdefinitelyisnotgoodfortherestofus,manygoodtradeswerecutshort.
Itisatugofwarbetweenthebullsandbearsthewholeday.Itisthebattleofgoodearnin...[
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Thegloomymoodiscarriedoverfromyesterday,plus,thedefensivestancetakenbysomeinvestorsbeforethefirstbatchoftechearningdragthemarketdowntoday.Obviously,themarketneedsomecatalysttoshakethemoodoff,andthankfullythewhiteknightscamejustintime.
Aftertheclosing,INTC,IBMandYHOOallannocedbetterresultsthanWallStreetexpected,whichcertainlyconfirmthesuspecisionthattheglobaleconomywillresultinthebettertechearn...[
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Thevolatilityrisewhentheearningseasoncomes,especiallyatthebeginning,especiallywhentheexpectationarehighandtodaywegotthefirsttasteofit.Also,thereareenoughprofitsaremadelately,itiseasyforpeopletopullthetriggerandtaketheprofit,that\'swhythedownwardmoveismagnifiedandexaggerated.
Thelatebuyingbeforetheendofthebellisalittlecomfortinghoweverfeebleitwas,atleast,itshowedtherearestillpeopleshoping..
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TheFriday\'sgainisquiteassuring,however,whetherthemarketcangohigherfromheredependsontheearningreleasesofnextweek.Ingeneral,theearningsareexpectedtobegoodexceptinthesectorsoffinancialandenergy.Giventhestockhasgoneupsomuchlately,wereallyneedhighprofilecompanys(intc,goog,ebayetc)tohaveagoodquartertogivethemarketanotherpush.
Oneconomicdatafront,theCPIwillundoubtlydrawpeople\'sattentiontotheFEDfron...[
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Itwouldbenaivetothinkthelimitistheskyintermsofstockprice.Consideringthestrongperformancelatelyandextraordinarygainsofcertainmomentumstocks(drys,biduforexample),itisnosurprisesomeinvestorstooktheirchipoffthetabletoday.Afterall,thereisnobadprofit.
Somenegativenewsdidnothelpeither.Thebadretailnumberprobablysealedthefateofthedayfromthebeginning.Allothernews,likebidugetdowngraded,arejusttheexcuses....[
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Ihadmoretimetofollowthemarketcloselytoday,itisquiteinteresting.Forsome,itmustbeaquiteridetoday.Onthesurface,itwasadownday,buttherearemorecross-currentsunderneath.Foronething,NASDAQwasup,andifyoulookattheNYSEasawhole,theadvance/declineisalmosteven,andtherearemorenewhighsthannewlows.
Atonepoint,DOWwasdown140pointsandallthegainofyesterdayseemstobewipedout.Iactaullybegintodoubtwhethermyjudgementis...[
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Marketadvancedconvincelyamidalotofdoubtsandpessimitism.Aftertoday,exceptthoseperenneialbears,thesentimentalshouldbeonBull\'sside.
Thepastfewweekshasbeenbuildfortoday\'srally.wehadsectorrotationstobroadenthebaseoftherallylastweek.wealsohadfavorableeconomynews(job,GDP,inflationetc).andtoday,itseemswehaveahelpingFEDaswell.Maybetheperfectenviromentissetfortherally.
Sensonalityhelpstoo.Theforth...[
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Thatisthelessonforthedallascowboy.Butitcanbesaidtoalmostanyendeavor,especiallyforinvesting.Ifyouthinkyouareonarun,andsoconfidentaboutyourstock,thatprobablyiswhenthetroublestrikes.Nowisthetimewhenthespeculativeferverisitshighest.
LDKisagoodexample.andwithrecentproductrecalls,itremindspeopleofthequalityfromchina.hopenobodygetburned.
Tomorrowisthebeginningoftheearningseason,wecanexpectmorevol...[
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Americaisa"meltingpot".Itisnotstrangethateveryissueherewillhavemulitfacets.Thingsassimpleas"AmericanDream"willdrawdifferentresponsedependsonindividualspointofview.Topoliticaloppressed,itisdefinedbytheAmericanconstitutionofdemocracy;Toreligionousoutcast,itisthefreedomofbelief,nomatterhowradiculoussomeofthosebeliefsare;andtoWendyDeng(NewsCorp'Murdoch'sWife),Itisthemarriagemadeinheaven:).Buttothemajo...[
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Itwasaquietdaytodayandthemarketwasupslightly(barely:)).Thereisnosurprisehere,aseveryoneiswaitingforthejobreportdueoutinlessthan12hours.
Themarketisexpecting100,000jobsarecreated.Lately,alleconomicdatasuggestedaslowdown(butexpanding)economyandtameinflationexcepthousingandjobnumbers.TheAugust'sjobreportcaughteveryonebysurprise,itmighthappentomorrow.Withthereportgarneringsomuchattention,tomo...[
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