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YourPersonalTrader- Toronto Canada/ London UK
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Wednesday
Jun182008

..what the world needs now....

..is some SHALE and POT!!.   Okay and some COAL, if you wanna get down and dirty.   This market can be just as depressing as the Barclays commercial played on CNBC,  if you're not in the right places.   Visit site to see.   A meandering, yet slowly spiraling market with sights on testing early year lows can make for a downer unless sooner or later you begin to participate, hopefully all DJIM members have gotten it or else why would you still be here.   We're glad to see posts like yesterdays in the forum and the emails we receive to let us know we're not doing this all for not.   As far as this market,  it is to the point where we are oblivious to the major indices as it has almost nothing to do with where we are.  Yesterday, the market should have been just happy enough to go green after GS didn't toss out a bombshell,  it was almost a non-event which should have done something positive for the market.    Maybe after the LEH re-org, GS, more reports is what is needed.   GS didn't seem to be enough.   Instead of a happy market,  we got barely over Mondays highs (SPX) before a steady slide that went a little to deep.   Maybe expiration week can provide a move before, either way..honestly!.  Just give some clarity to all those trading, investing elsewhere.   Elsewhere as in places other than the commodities!.  Excluding the ETF's in our shadowlist used for guidance, we were at 21 stocks making new highs which is about 50% of the stocks listed.   Doubt this can go much higher, so maybe we soon we get a pullback to saddle back up.   As of now, we just go back and forth between names as traders depending on which look best at the time.    Those not trading full-time should be doing just fine holding overnight recently their favorites in each sector say.   Anyways, don't have much to add as we've given all the clarity we could recently.  As said in forum yesterday, you don't need to be heavily invested, just selective  always remembering to  pocket profits.  Opportunities will not go away as we go forward.  Money needs to flow somewhere.