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CNN Financial News- Stocks: Everything hits at once
- Stocks: Mixed day, tough week
- Inflation, rate fears slam stocks
- VC investing highest since 2001
- Stocks on the move Friday
- NYSE sees link with Tokyo Exchange
- Bonds dip on upbeat economic news
- Northeast cold makes oil hot
- Extended Fed pause hopes boost dollar
- Techs pace Asia decline
Apr
27
US economic growth slowest in years
April 27, 2007 09:02 AM
The first quarter numbers economic growth numbers are out and they don’t look pretty. Stocks have been held up artificially with mixed numbers (some actually surpisingly good numbers), but the slowing economy will eventually take its toll and will price itself into the market. Read more
Apr
24
Consumer confidence and home sales drag the market
April 24, 2007 09:24 AM
Both consumer confidence and home sales prices are lower. This news gives the bears some ammunition to starting pulling the market back. Read more
Apr
23
Stock markets open flat
April 23, 2007 09:39 AM
Traders are taking a breather today as the Dow is sitting at all time highs. Both stocks and oil unchanged from Friday. This week will be a busy week for earnings. Read more
Apr
20
Big rally on the stock market … or is it?
April 20, 2007 10:50 AM
The markets opened higher again today. There were upbeat earnings from several companies including Google. The bulls are out again and short have to be on high alert. Read more
Apr
17
Market pauses after yesterday’s rally
April 17, 2007 12:45 PM
Today there was no follow through in the relatively big rally across all market indices yesterday. Today the Nasdaq has pulled back and is now in the red sitting at 2512. There’s been good news for the blue chips today and yesterday. Some merger news and also good earnings for a couple companies including Coca-Cola and Johnson & Johnson. Read more
Apr
12
Jobless claims jump but retail sales were good
April 12, 2007 06:32 PM
Today we saw the market open lower, but climb gradually throughout the day. The retail numbers came in strong, but are suspect in my opinion as many retailers are warning of slowing sales expected. The weakening job market, housing market and rising interest rates will also tighten the belts for consumers. Read more
Apr
11
More rate hikes potentially spooking markets
April 11, 2007 02:19 PM
The hope of a rate cut grew dim today as the Fed met and talked about the economy. The language implied that a rate hike was more like as the economy is rolling along and inflation is still a risk. The leading indicators for the economy continues to be weak. Read more
Apr
9
Shorting QQQQ at market open
April 9, 2007 08:14 AM
Friday we had better than expected employment numbers. This seems to be a double edge sword as it means the economy continues to be mixed, but the chances of a rate cut are reduced at the same time. Read more
Apr
5
Another up day confirming setup to short the market
April 5, 2007 12:44 PM
Today the market is trying to move higher on lower oil but has been held in check by the weak jobs news as expected. The QQQQ is hitting resistance at my 44.40 marker and is primed for a reversal. I will confirm my call after doing some more technical analysis after close today, but it’s still looking good for a short position to be opened on Monday. Cheers !
Apr
4
Market still treading water, QQQQ @ 44.34
April 4, 2007 08:31 PM
Lower oil prices and stabilization with Iran has help markets continue stay above water. However, its clear that the market is still in a trading range and is lining itself up for a wave of short activity. Read more
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Current Trade
Short the QQQQ on 04/09/2007 at open
Annual Performance
2007 + 7.66% 2006 + 35.15% 2005 + 41.66% 2004 + 51.69% 2003 + 71.22% 