Friday, July 10, 2009

Stars Aligned

I use diprivan/propofol daily. But of course, I'm a critical care specialist using it in the ICU, not a celebrity using it for recreational purposes. Now that I've got that off my chest...

  • Breadth is mildly negative
  • The US dollar is up marginally
  • Goldman Sachs is down a tad, and above the TD Range projection low of 142.06
  • Volatility is off a hair, but 'jumpy'.
  • Consumer confidence is poor. Who knew? Savings up, employment down, credit card and mortgage delinquency up. But don't worry, the government will save you, from whom?
Everyone remains focused on the head-and-shoulders and 875. Everyone SAYS Goldman has blowout earnings coming. The stock must be ready to rocket. But it isn't. Is somebody lying and laughing, or is it the case of the stolen software?

Not a lot of love on my screen, with only a few items in green, and plenty of lower end of the range stuff.

Who do you trust baby? "Crisis contained" and "green shoots" or your lying eyes. People's eyes do lie. Everyone tells me I look like I'm in shape. I explain that I've worn out the couch, not the treadmill...

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.

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