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The post-Thanksgiving selloff that I expected has been sharp & swift.
Recent big winners took an inordinate share of the selling… that fact has me believing this is simply a bout of profit taking, not the start of a bigger move down.
Also, as this 15′ chart of the Nasdaq shows, this little downtrend has taken us […]

There were several great NFL games yesterday. The decidely worst storyline was Jay Feely’s 3 consecutive missed field goals in the Giants’ stunning loss.
Unquestionably, the best story came from the Rams’ 3rd string rookie QB Ryan Fitzpatrick.. a Harvard graduate who had never taken a snap in the NFL.
I even won’t attempt to give this […]

1. Rev Shark’s summation of today’s trading action is spot-on:

“We knew it was going to be slow today, but I didn’t think it would be so completely uneventful.”

Unfortunately there were somber real life events.
2. Pat Morito — aka Mr. Miyagi — died today at 73.
3. Another loss […]

Just heard a lady on CNN say about early Christmas shopping that “panic is in the air.” This continuous play-by-play coverage of idiots shopping — as if it’s a horse race — is getting kind of scary. Please do not be a contributor to this scene.
I just heard that “75% off mens shirts” […]

I sold my shares in ELOS — a cosmetic surgery laser company (think cellulite) — just over $42 last week. I could not resist adding those shares back on this tiny range day. Two inside days in a row.. I’m in at 39.75.
Support is likely at that horizontal line.. the 20ma right there doesn’t […]

Listening to some soothing music would probably benefit those manic 6am shopaholics. “Put your hands up, and Step away from the Tickle me Elmo shelf..”
Here’s the playlist for a “feelgood” CD I recorded a few days ago. Several genres, but all songs that make me smile and relax.

You like or not?

So what’s the rush?
This scene is easily the worst way spend your morning after Thanksgiving.
Do these folks really think they’re getting some “steal of a deal” by showing up at 6am? I believe that the retail executives are smarter than these peeps.. and set prices accordingly.
CNBC is showing footage of people getting trampled as the […]

This market just won’t quit. This is the 5th consecutive up day. We’re at multi-year highs on the major indicies. It’s a seasonally strong time for stocks.
There are lots of good ones around, but many look temporarily extended to the upside. I’m being picky about waiting for pullbacks and range contraction setups.
Under Armour, the […]

Glad I took Steve Miller’s advice on this one.. “Go on, take the money and run”..
Entered CMED in the tight 2-day range contraction last week.. in the high $29’s..
Sold 1/3 in the mid $30’s, and the rest yesterday at $39.50. It was the fourth consecutive big up day, so about time to lock […]

Two weeks ago, the US Trade Deficit for September was announced.. a record $66 billion for one month. The monthly deficit has doubled since 2002, yet the US consumer has proven more resilient than ever thought possible.
This “overconsumption” issue — and the bust that’s sure to arrive any day now in housing and consumer […]