big day tomorrow

seven-iron

markets were very quite today bar drop in equites because of steeping treasury yield curve in the states. went to the gym though so i missed the sell off. mental note. must bring the pc to the gym in future. wasnt to upset though cause got the rally yday.

big day tomorrow. german unemployment rates for the month of may announced in the morning. expected 64k. previous 58k. if its >64 i may short the dax. otherwise i'll leave it. greater jobless would increases fears of the recession depeening. then i could possibly short sp or dow @ opening bell? The Q is though if there is a likely sell off will i put everything on it and milk the c*cksucker??? decisions decisons

no other economic indicators till next thursday (4th) which is the BoE interest rate decision. dont have any reasoned trading plan for that though.

dunkamania

you need a blog

seven-iron

german news was relatively good there4 didnt short. decided to risk a bit and went long. got a small gain, didnt lose that was the main thing. its hard making money in a sideways market.

Good news out of US tho. durable goods orders and initial jobless claims (good economic indicator) both good. cant believe i discounted these last night. so between sell off last night and good news tried to get the upswing at the opening bell 2day. have locked in a small profit on s&p but hoping it will run. GM circus holding mkt buyers back i think?

Économiste Monétaire

Revised U.S. Q1:09 GDP and consumer sentiment out tomorrow.

pirelli

seven-iron wrote: »

german news was relatively good there4 didnt short. decided to risk a bit and went long. got a small gain, didnt lose that was the main thing. its hard making money in a sideways market.

Good news out of US tho. durable goods orders and initial jobless claims (good economic indicator) both good. cant believe i discounted these last night. so between sell off last night and good news tried to get the upswing at the opening bell 2day. have locked in a small profit on s&p but hoping it will run. GM circus holding mkt buyers back i think?

I traded Marshall & Ilsley (MI) on the NYSE was in at the start of bell at low of the day and sold at the high of the day give or take a few cents.

I am not holding as they are a stress test bank and have to raise capital but they are trading at negative - 50% of the peak of March/April rally and so are a bargain and good for a decent enough percentage.

RF, ZION And MI have all lost a good percentage of the gains they made in the rally. BAC has also lost some percentage but the common stock offerings are huge and i am not sure what effect that will have on share price.

We should do a list of the companies that have since the march rally lost large percentages and see if there are any winners in them, from trial and error i have observed that there are always the most gains to be made for the daily losers, just research them and usually if its the right circumstance they shoot back.

Some gainers keep going but most lose steam and the reverse is true for losers.

Économiste Monétaire

Uhh, since when were M&I apart of the 19 BHC stress tests? Their assets are well below $100bn, as far as I am aware.