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10/11/2009 99 Fletching10.13.2009
 Senate Finance Committee approved 10 year, $829 Bil health-care reform bill. CIT ceo to resign. AIG sold NanShan in Taiwan. Gold at $1065 on weak dollar and speculation. earning season continues with INTC reported positive after market.
10.14.2009 2.30pm short/ 2.45pm short/ 2.55pm short 1.45pm 2.45pm short Strong numbers from GS Dow at new high at 10060, GOOG post strong earnings, IBM down. 10.16.2009 BAC posted huge losses, Ken Lewis to give back pay and give up bonuses, GE profit slumped, intraday Dow down 110 at 9940, S&P 1082. Foreclosures worsening as unemployment continues to deteriorate. weakness in real estate, financials, and retail, oil is holding up better at close to $78. USD rebounded against major currencies. Dow: 9996 Nasdaq: 2157 S&P: 1088 Oil: $78.67 Gold: $1057, 99 Banks failed so far this year.
Autumn in the air. 10.19.2009 10am short, 2.50pm short. Oil Future over $80 with AAPL reported nicely. Dow at year high, S&P touched 1100. Dow: 10092, Nadaq: 2176 S&P: 1098 Oil: $79.78 Gold: $1058 10.20.2009 8.45am covered 9.15am covered 2.50pm buy 10.21.2009 busy day on the street... 8.35am sold 8.45am sold 9am short 9.30am short 10.30am covered 10.40am covered 11am short 11.15am covered 11.30am buy 12.45pm sold 12.45pm buy 1.45 sold 2pm short 2.35pm short 2.59pm covered dramatic reversal as Dow plunged 130 pts in matter of minutes. Oil hit year high intraday $81.99. gold at $1065 as USD hits new low. FED Beige book showing credit market is still deteriorating and consumers holding back on spending. as the market hit fresh highs concerns of assets inflation on weak dollar and surging oil price could undermine the so called "Recovery". another wave of reports on earnings tomorrow as Q3 earnings so far are filled with mixed signals and smokes. Correction talks are in the air as the market goes higher, and more people are less likely to stay put, staying put on the faith of Obama administration will fix everything. or not. 10.22.2009 起风了, 天要冷了吧 1.30pm buy 1.45pm buy Dow surged 132 pts with S&P approaching 1100. sector rotations continue with mix signals on earnings and valuation. Chinese ADRs should be on the spotlights again. 1 Euro buys $1.50. movie: Law Abiding Citizen--good 10.23.24.25.2009 FDIC Friday 7 more banks failed, 106 so far this year. Dow: 9972 -109 Nasdaq: 2154 -11 S&P: 1080 -13 Oil: $79.64 Gold: $1056 10.26.2009 1.30pm traded. 10.27.2009 12pm sold 12.30 short 1pm short 10.28.2009 9.15am sold 11.30am short 11.45am short 1pm short 2.45pm covered 2.59pm covered Dow surged 200 pts on Q3 GDP growth. green shoots everywhere, Oil and gold surged. S&P added 23 pts to 1066. Toady a great start in the morning but in the afternoon was disappointing with another trading mistake wipped out today's gain. Don't make expensive mistakes. hedge it you idiot. 10.30.2009 Personal Income, PMI, and Consumer Sentiment numbers in the morning, anything better than expected will further fuel this rally. starting Tue. next week should have that correction coming, November might be a rough one. October got spooked, Correction has now underway with lack of conviction and wide range swings. CIT is ready to fold. Chicago PMI came in at a healthy 54.2 with m/m consumer spending down 0.5% and y/y income down 2.8%, The bears won't be hibernating this winter. Dow: 9713 -250 S&P: 1036 -30 Nasdaq: 2045 -52 Oil: $76.99 -$2.87 Gold: $1040 -$7 FDIC Friday: 9 more banks failed this week 10.31.2009 Trick or Treat! 11.01.2009 Took kids fishing, they caught a lot of nice ones! CIT filed for Chapter 11. With nearly $60 billion in assets, CIT's bankruptcy will likely mean that the Treasury Department loses the $2.3 billion it invested in the company -- the biggest loss from TARP so far. Spooky~ 11.02.03.2009 Anticipation of FOMC meeting on Wed. waiting on the sideline. Warren Buffett of Berkeshire Hathaway buys Burlington Northern Santa Fe Corp for $44 Billion, biggest of his life. Like everyone else, I guess no change on rates. USD weak to Euro and strong against Yen. ups and downs in a trading range, a bit narrow. Fed Left rates unchanged as street expected, Gold hit all time high at $1087, Oil over $80 and sharp reversal on Dow from 9927 to close at 9802 in the last trading hour, S&P at 1047 and Nasdaq 2056. Real estates turned weak before close. 11.05.2009 Dow surged 200pts above 10k with gold near $1100, Job data tomorrow with AIG, C, BX reporting. FNM Q3 loss $19.8 bil and ask for $15 bil more for aid.. Tech issues strong with Nasdaq surged 2.5% above 2100. oil above $80. Can't touch this. 11.06.2009 Job data: Nonfarm payroll adjusted loss at 190000, unemployment rate at 10.2%, hourly average wage m/m at +0.3% with average weekly work hours at 33. USD weak oil dropped 2.75% while gold at all time high intraday $1101 closed at $1096, market indexes up slightly Dow to close up 3% for the week. 11.09.2009 Continuing market rally with optimism on quatitative easing with Dow extended 204 pts at 10227 year high S&P 1097 up 24 and Nasaq 2154 up 42, Gold closed above $1100 and oil $79. 2.58pm short 11.10.2009 MBI reported heavy loss and ABK warns of Chapter 11. 11.11.12.2009 Gold making new highs and oil retreated, USD at 15 months lows and all seemed quiet at eastern front. Dow made intraday highs briefly and M&A all over charts with HPQ buying COMS and INTC to pay AMD in settlements. 11.13.2009 Trading range narrowing. staying put. 123 banks failed so far in 2009. 11.16.2009 Dow made another year high with S&P over 1100, Gold touched 1141 intraday and oil moved up. Dow: 11407 Nasdaq: 2198 S&P: 1109 Oil: $78.97 gold: $1139 11.17.2009 12.45 short 2pm short CPI and Housing Starts tomorrow. Dow 10437 and S&P 1110. 11.18.2009 10am short 10.20am short 11.19.2009 8.45am 9am covered Markets plunged as USD strengthens and global economic outlooks are less optimistic. 11.20.2009 11.23.2009 Dow intraday high 10495 closed at 10451, S&P 1106 with gold $1165 intraday all-time high at $1174. 11.27.2009 The day after Thanksgiving. AM Oil tumbled over 6% with Dow futures down over 300pts over banks' exposures on Dubai World's debt. HK lost over 5% and heavy losses on world markets abroad. After serving turkey, now pork is served. Comments (11)
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