Wheeeeee, what fun! I was on TV last night and I predicted we had another 2.5% drop in us as yesterday's gains (such as they were) were entirely due to Boeings 16-point gain for the day, which accounted for 144 points to the Dow's 72-point gain so, on the whole, the Dow should have been down 72, not up 72 if BA hadn't had earnings yesterday . Of course we played for bounces into the close with a Russell ( /TF ) long at 1,575 and and S&P long ( /ES ) at 2,820 in our Live Member Chat Room at 3:33 and those paid a quick $250 per contract on /TF and $200 per contract on /ES on top of the $200 we made in our Live Trading Webinar at 1pm but by the time I was on TV, at 7pm, the markets had gotten silly again and I called for shorts at Dow ( /YM ) 26,200, S&P 2,540, Nasdaq ( /NQ ) 6,985 and Russell 1,582.50 as well as a play on the Dollar ( /DX ) long at 88.75 – though my actual call there was that 88 would hold . We also discussed our Money Talk Portfolio , which gained 74% for the year from picks I made live on the show in a $50,000 portfolio and we added trades on General Electric (GE), Barrick Gold (ABX) as well as a hedge using the Nasdaq Ultra-Short (SQQQ) just in case the FANG stocks mess up earnings tonight. The Futures shorts are way up this morning (8am) with the Dow down 86 points to 26,050 so up 150 at $5 per point is a gain of $750 per contract on that one and /ES is 2,822 ( up $360 per contract ), /NQ 6,942 ( up $860 per contract ) and /TF 1,575 ( up $375 per contract ) so, of course we're keeping tight stops on those gains in this crazy, crazy market as the Egg McMuffins are paid for and that's all we need from our breakfast trades. Today is a heavy data day with Productivity at 8:30, Consumer Comfort and PMI at 9:45 along with ISM and Construction Spending at 10 and Auto Sales throughout the day but none of that really matters as Non-Farm Payroll is tomorrow morning (8:30) and we'd better…
Wheeeeee, what fun!
I was on TV last night and I predicted we had another 2.5% drop in us as yesterday's gains (such as they were) were entirely due to Boeings 16-point gain for the day, which accounted for 144 points to the Dow's 72-point gain so, on the whole, the Dow should have been down 72, not up 72 if BA hadn't had earnings yesterday.
Of course we played for bounces into the close with a Russell (/TF) long at 1,575 and and S&P long (/ES) at 2,820 in our Live Member Chat Room at 3:33 and those paid a quick $250 per contract on /TF and $200 per contract on /ES on top of the $200 we made in our Live Trading Webinar at 1pm but by the time I was on TV, at 7pm, the markets had gotten silly again and I called for shorts at Dow (/YM) 26,200, S&P 2,540, Nasdaq (/NQ) 6,985 and Russell 1,582.50 as well as a play on the Dollar (/DX) long at 88.75 – though my actual call there was that 88 would hold.
We also discussed our Money Talk Portfolio, which gained 74% for the year from picks I made live on the show in a $50,000 portfolio and we added trades on General Electric (GE), Barrick Gold (ABX) as well as a hedge using the Nasdaq Ultra-Short (SQQQ) just in case the FANG stocks mess up earnings tonight. The Futures shorts are way up this morning (8am) with the Dow down 86 points to 26,050 so up 150 at $5 per point is a gain of $750 per contract on that one and /ES is 2,822 (up $360 per contract), /NQ 6,942 (up $860 per contract) and /TF 1,575 (up $375 per contract) so, of course we're keeping tight stops on those gains in this crazy, crazy market as the Egg McMuffins are paid for and that's all we need from our breakfast trades.
Today is a heavy data day with Productivity at 8:30, Consumer Comfort and PMI at 9:45 along with ISM and Construction Spending at 10 and Auto Sales throughout the day but none of that really matters as Non-Farm Payroll is tomorrow morning (8:30) and we'd better…
