Today is Friday the 13th

How we doing fellas? Here is the scoreboard that I use to get a good general feel for whats up.

NYSE NASDAQ
Advances 1,404 (43%) 1,234 (40%)
Declines 1,742 (53%) 1,702 (55%)
Unchanged 118 (4%) 145 (5%)
Up Vol* 761 (51%) 493 (46%)
Down Vol* 723 (48%) 514 (49%)
Unch. Vol* 17 (1%) 53 (5%)
New Hi's 296 192
New Lo's 70 62

This doesnt look convincing to me. This tells me that traders are sticking with a relatively few stocks to make their gains. There are many declining stocks, but they are sticking with the "good" stocks. This is not a good thing, not a good thing at all.

The reason is becauseif anything happens to any of the leading stocks, anything at all, then the indexes will fall quickly without any support from the minor stocks.

On my yahoo chart below, we see some strength in the value stocks today meaning that investors are bearish and back into the value plays.

So its value on a narrow breadth. That doesnt sound like an index that will break up through the cup.


<!-- Start of Yahoo! Finance code -->
<iframe allowtransparency="true" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no" src="http://api.finance.yahoo.com/instrument/1.0/IWM,IWN,IWO,IWB,IWD,IWF,IWP,IWR,IWS/badge;quote/HTML?AppID=CseZ4MaPk3UCesLchE4NuyrnlgZv&sig=tfWCvka6Fq0i42UOqFPOSSvlt0w-&t=1184348820317" width="300px" height="544px"><a href="http://finance.yahoo.com">Yahoo! Finance</a><br/><a href="http://finance.yahoo.com/q?s=IWM">Quote for IWM</a></iframe>
<!-- End of Yahoo! Finance code -->
 
Quote from michaelscott:

How we doing fellas? Here is the scoreboard that I use to get a good general feel for whats up.

NYSE NASDAQ
Advances 1,404 (43%) 1,234 (40%)
Declines 1,742 (53%) 1,702 (55%)
Unchanged 118 (4%) 145 (5%)
Up Vol* 761 (51%) 493 (46%)
Down Vol* 723 (48%) 514 (49%)
Unch. Vol* 17 (1%) 53 (5%)
New Hi's 296 192
New Lo's 70 62

This doesnt look convincing to me. This tells me that traders are sticking with a relatively few stocks to make their gains. There are many declining stocks, but they are sticking with the "good" stocks. This is not a good thing, not a good thing at all.

The reason is becauseif anything happens to any of the leading stocks, anything at all, then the indexes will fall quickly without any support from the minor stocks.

On my yahoo chart below, we see some strength in the value stocks today meaning that investors are bearish and back into the value plays.

So its value on a narrow breadth. That doesnt sound like an index that will break up through the cup.


<!-- Start of Yahoo! Finance code -->
<iframe allowtransparency="true" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no" src="http://api.finance.yahoo.com/instrument/1.0/IWM,IWN,IWO,IWB,IWD,IWF,IWP,IWR,IWS/badge;quote/HTML?AppID=CseZ4MaPk3UCesLchE4NuyrnlgZv&sig=tfWCvka6Fq0i42UOqFPOSSvlt0w-&t=1184348820317" width="300px" height="544px"><a href="http://finance.yahoo.com">Yahoo! Finance</a><br/><a href="http://finance.yahoo.com/q?s=IWM">Quote for IWM</a></iframe>
<!-- End of Yahoo! Finance code -->
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Michael scott is so stupid he failed special ed. :D

And he uses yahoo finance quotes.
 
Quote from stock_trad3r:

Michael scott is so stupid he failed special ed. :D

And he uses yahoo finance quotes.
More...

I'll bet he only has a 16" CRT too huh Stock? No living in the lap of luxury with 17 inches CRT beauty like you and I huh?
 
Quote from flipflopper:

I'll bet he only has a 16" CRT too huh Stock? No living in the lap of luxury with 17 inches CRT beauty like you and I huh?
More...

Yeah, those 17" monitors are awesome! I bet some day they'll come out with even bigger ones and we'll be on top of the world, looking down on it through the likes of whopping 21" monitors running on Pentium IIIs! Man, the future is going to be cool! :p :D

I hope you didn't wake up stock_turder, he gets mad if you wake him up from his nap and there aren't milk an cookies waiting for him.

Here he is:

crazy_fat_kid.gif
 
Michael Scott,
Could you please put your initials on your thread titles so I won't have to accidentally click on your threads ever again?

Thanks (I am not able to see any of your replies but I hope you do it).
 
Quote from michaelscott:

The numbers are out! Much worse then expected!!!

While some of you were partying and hooping it up on Thursday at your turret at the prop trading firm, you forgot about the next batch of reports that was coming out today.

A street cop learns never to take his eye off of traffic. In the same way, a trader learns never to take his eye off of the economic reports. A lot of you guys are about to get run over.

When will I stop shorting Circuit City? When will I stop shorting Sears Holdings? What about that flat tv maker BRLC? Ohhhh, when the reports came out that Eddie Lampert was losing on his trades and the store was not selling anything, oh man, I just love shorting in an up market. Radio Shack, ugh, a disappointing short, I just want to short that store sooooo bad. Then there is Motorola. Oh man, can Motorola ever get it right?

You cannot ignore what is happening! Retail sales are much worse then expected, subprime chaos in the streets and poor unemployed Americans in the street while the Chinese and the Europeans surge ahead.

The market is ripe for a pirate and the SPtripleX will be chainsawed in today's massacre.

http://www.bloomberg.com/apps/news?pid=20601087&sid=awxSspXYRr3s&refer=home

Read this report, read it and wheeppppp.

I have told you my longs. Solar stocks, Amazon and all these 2000 era web/tech growth stocks.

The new economy is here and that is unemployed Americans surfing Amazon and bicycling to work (for those that are employed).
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are you 12?
 
"You very well could be right . However, since 1990 the Friday the 13th trading days have seen the markets close positive 70% of the time."

These statistics are just too ridiculous now.
Im so sick of hearing these cheesy statistics.
 
michaelscott, your attempts to deny your failure are hilarious. You started off talking about a triple top in the S&P 500 but now you claim to be shorting some individual stocks you've never mentioned before and the NASDAQ. Get a grip, you're just making a fool of yourself.
 
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