Stock Market December 2009

[sidewinder]

It is December now. 

[sidewinder]

Got an early Christmas card this morning. 

[sidewinder]

Where are the Markets going to go who knows/

I stil have 1123 and change in my targets on the ES (S&P).  One trade short last night for 3 points and depending what happens between now and the open I feel we are in chop.  as of this minute my bias is down and in this market that can change in less than an hour.  Good luck and be careful out there.

[sidewinder]

When this broom falls the market will too.

That's as good as any indicator out there right now.\

[jjj000]

I've had a rough go of it this week as we are chopping around the top of this range for a bit... some big up days, some big down days.  Still most losses are in trying to go short, but I'm overall in profit for the week.

Overall I'm just done trying to guess where things go - market, gold, dollar, whatever - and just looking at things no longer than on an hourly basis.

As Tiger would say - Huge.  Quickly.  Um, bye.

[sidewinder]

Well if you were short after 3PM you're golden now LOL

[sidewinder]

Heard the VIX traded 712k contracts today an all time record.  Dont suppose anyone was looking for volitility do ya?

Vix gapped up Friday as high as 26 and fell all week to mid 20s now sitting on the 50SMA which is not all that high if you ask me.  Maybe someone has tomorrows num
bers and it's all baked in now. 

Anyway tomorrow will will be interesting.

[sidewinder]

Article by Dan Hannan, the MP rebel rouser poses some interesting thought.  Sovereignty of EU States.

I guess you guys over there will soon have a CSPAN like channel to watch "your" Reps in action.

He further speaks of right of sucession procecures and such.  Listen, you guys need to look no further that the history of South Carolina, say 1840ish thru 1870 or so for a real life lesson on sucession issues.  All my Granfathers had a little dispute with Mr. Lincoln on that one.  All I can say is it sure sounds familar to me and good luck to my UK friends. 

http://blogs.telegraph.co.uk/news/danielhannan/100018459/at-midnight-last-night-the-united-kingdom-ceased-to-be-a-sovereign-state/

[sidewinder]

Currently I can tell the playas are unsure in the markets.  The S&P Futures climbed off the floor after the smackdown at close.  The move up began around 2 hours before the London open and was a fairly nice move up to the 1100 area.  Then on the London open strong down move and immediant up followed by jump down AGAIN and settled into a "range" Now biased to the down side. 

All this makes me think indecision and that's exactly where I am at this point.  I am long off the bottom from yesterday but not leaving the computer without at least the Aural warnings on my trade platform turned up high.  Have a really wide stop in place but doubt I would let it get that far with out jumping off. 

There are technical reasons for the market to turn here but as of yet I dont consider it confirmed.  In addition all the bears on various chat I frequent and whooping it up.  This alone makes me perk up as too many are expecting the market to do "A" and that generally means it will likely do "B" or "C". 
Anyway tomorrow should be interesting.

[jjj000]

SW, I'm in the same position - long off the end of day sell off low.  Was looking to ride it up to today's pivot and then see how it looks there, but it may not get all the way there.

Looks like I'll be up for those reports in the AM and see how it shakes out...

[sidewinder]

The bias some of the guys have in the chat rooms is cracking me up.  They have talked themselves into the bear deal and just will not accept what their lying eyes are seeing.  LOL  the number are lying, the banks are lying, the crooks at COMEX screwing 'em on gold and meanwhile the technicals are right in front of them.   I dont get it.  I am long term bear bias but believe me there will be time to jump on the train.   

I've taken a bunch off the ES this week and missed the nose dive yesterday, did not trade it.  It just does not pay to get yourself all worked up into any position past the next day or so.  actually the next 2 hours is long term   LOL

[onlooker]

The USD shot up like a bat out of hell.

Could the following event be the reason for its quick ascent?
See:  http://www.examiner.com/x-28964-Anchorage-Conservative-Examiner~y2009m12d4-Iran-threatens-America-with-Nuclear-Bomb

With the global recession (recovery?) going on, how is this possible threat of war going to affect the markets?  DOW? Gold?  USD?  Will have continued recession?  Or will have sudden inflation?  Political / economic watchers, your comments please.

[onlooker]

Iran's 10 Uranium Plants In Defiance Of UN
November 29, 2009

See: http://news.sky.com/skynews/Home/World-News/Iran-To-Build-10-New-Uranium-Enrichment-Plans-State-Media-Has-Announced/Article/200911415478325

Combined with a threat of war, uranium prices to shoot back up?  Or is the news coming out of Iran just political saber rattling, and will peter out?

[sunseeker]

Hi Onlooker
It seems to me that the knives are out. A number of nations are probing to find just how far they can push their luck. Much the same as Saddam Hussein did. Keep on taking it to the brink and then retreat. Too many fronts are being opened up at the same time (Afghanistan, Iraq, Iran, North Korea, Pakistan……). A coordinated effort designed to test our resolve? I think so. The future is looking evermore uncertain. Good post.
ATB 

I was just about to make this post:
Quoting Stephen Tinsdale a former head of Greenpeace UK “I believe the climate crisis is so great we must do all we can to try to control it.”

http://www.thesun.co.uk/sol/homepage/features/article2265768.ece

One influential publication here in the UK is tipping the nuclear sector:
Recommending these stocks:
CAMECO
Paladin
Energy Resources of Australia (ASX:ERA)
Babcock International (LSE:BAB)

For an ETF approach:
NYSE:NLR
LSE:NUKE

It could prove worth while looking at these on Monday to see how much interest the article has stirred up.

ATB 

After thought:
They say that gold loves uncertainty.
We may be about to find out.

[sidewinder]

Uraniums just suck.   Is Cash Minerals going out of business.  Other than the U230 crap I thought they were sitting on a big pile of coal.  I'm down 25K on that pig an damn it will hold it till it goes to 0 and they send me bill for owning paper.  By far the stupidest thing I have ever done in my life was listen to Jim Dines.