Spain’s railway transportation workers are planning a strike for this Thursday. Good thing I have a car …
The market took a small step back yesterday, a completely expected step back, if you ask me, and you didn’t, but I get to say what I want, so there.
With the first quarter ending on Friday, portfolio managers adjusted holdings by buying some of the best performers to dress up their portfolios. A total of 175 stocks on the New York Stock Exchange hit new 52-week highs on Tuesday.
Window dressing is the term that appeared in my column yesterday regarding the above issue, so if you are holding the winners from the recent past, you did well yesterday. If not, then maybe you traded flat or with a small loss. In any case, as long as the economic indicators do not point to a reversal, opportunity is out there and more is coming soon …
Can anyone give me an opinion on “Stock Trading Nitty Gritty” program? I know it is only $40.00 and not an outlandish amount of money to find out for myself but I value the objective views of fellow traders. Have a great day and wonderful trading.
I too value the objective views of fellow traders. How funny is that? Okay, moving on …
If anyone out there is familiar with the program he is asking about and would like to offer advice, please do so through me or send it directly to howardgeller on this site.
I am not familiar with the program, but as I always say, “In life, you mostly get what you pay for.” If you are looking to trade seriously, a $40 program in this market age probably will not cut it. I could be wrong, as I have been wrong before plenty, but the trading world out there is full of high-powered programs that are your competition. But hey! As you say, $40 bucks is worth the gamble. So try the program, and let me know what you find …
On Tuesday, Bernanke said in an ABC News interview, when asked about the potential for more quantitative easing, that the Fed isn’t taking any options off the table.
So, here is a question. If on Monday the market rallied because of Ben Bernanke’s comments, than how come on Tuesday, it traded pretty flat? Baked into the cake, you say? If so, then why would the market rally on Monday be attributed to his words, as those words have appeared in print and on the TV for months now? Why weren’t those words baked into the cake? Just saying …
So, the week has more unfolding to do and today is a good one to watch. The February durable goods orders data comes out today. My guess is the market wants this data to be good, but if it isn’t, the market might get upset. Hard to tell at this point, but be prepared for either eventuality, if you can.
Gotta go, as I am driving to Valencia this morning, which is about three hours from here. Gotta get me some of those world-famous oranges …
Trade in the day – Invest in your life …
