Extreme market apathy likely today and tomorrow. You could probably go to the beach and not miss a thing. nitro
IBM coming to support. You want to buy it at 110. Needless to say, these are complicated markets and a downdraft may take it past your stop loss. So best to go in lightly even if you are nibbling, looking to add where you would have stopped out, and having a wider stop because your entry size is 1/2 or 1/3. So for example, say you wanted 100 shares at 110, with a stop loss at 106. Instead, buy 33 shares at 110, add 33 at 106, and make the stop loss at 100. Profit target at least 125, but holding it a while is not bad. When the market turns, IBM sees 140, and you collect dividends. nitro
The news from GE and Warrent Buffet is being taken as good news from the market. I think it is scary. GE should be able to buy Warren Buffet five times over. Be very afraid. Markets in denial. As an investor, you have to keep your head, but this is NOT good news. nitro
IBM coming in on 110. You have to buy it. It is support. You may get taken down with overall market, but discipline is discipline. nitro
All of the stocks I listed are bargains. The one that is going ballistic when this ends is HBC. Easily 100. nitro
Cash DOW out of line with YM. Anything DOW totally out of line with ES and SPX. Dow should be down much more. Flight to quality. nitro
Interesting cross currents: YMZ8 -30 DOW: +48 SPX +9 ESZ8 + 2 I don't know what it all means, but it can't be good. nitro
VIX red with SPX decent red. My guess is that we slowly bleed VIX, and markets become apathetic. But that can take two weeks. nitro