“There are only two rules for being successful. One, figure out exactly what you want to do, and two, do it.” – Mario Cuomo
TJ's Take » A Global and Urban Flaneur
Monthly Archives: July 2009This was taken as Tiera is 6 years old and she had a Tap Dance Recital. She is tall, mixed girl in the middle, the best dancer. This is one of my favorite female singers, I got to know of her when she was doing her underground movement. Beautiful Soulful voice We finally had a little dip, which was triggered by slightly soft consumer sentiment numbers, but we are finding some support fairly fast. I think it will take several of these dips before one finally catches a little downside momentum. We just have too many folks looking for long trades for any big downside move… I am seeing early signs of consolidation, oversold on the oscillators, I think if the S&P can hold 945 then it’s a good area to begin to leg into more company’s going long. however, if it doesn’t hold, then lookout below and look for better entry’s. I am skeptical on Q3 earnings for many firms…. Don’t expect much for today, sold out of TYP Calls (3x BEAR on the NAZZ). Started my shorting of BAC (bank of america), look for it to get beat down until mid-week next week then expect to cover. Don’t be short by mid-next week as covering will happen at the same time as an across… Oil above $66.. above the range it needs to stay in for the rally to continue ($58-65) Needs to pull back to $62-63 for another leg up and thus the rally will probably to do what Kass recommended 3-5% (light) correction (which puts S&P at 940’ish). Also, smart $ doesn’t like to chase. I told… |
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