Wrapping Thursday

Pretty mild day all told. I bought the KMX as I said I would - we'll see how that works out. Still holding AKS, a small position in GGB and JST and for the first time in a long time all my holdings lost money today.

I did get to play golf and that was good.

The model portfolio lost money today and closed at 16.20% but the benchmark surged ahead and hit 6.60 a .17% gain. The INDU ATR dropped to 102.61 and that is just fine with me. The rally will continue.

So do you remember AAPL computer, the company that blew the doors off earnings last evening, well it made exactly $3.49 per share today which is pathetic. GOOG, a company that didn't do anything in the past 24 hours made $3.19 and MSFT, well, what can I say - another 11 cents in the till. Mom would be so proud. Of course MSFT reported a 65% increase in earnings (can you spell Cook(ed) Book(s)) and that will drive tomorrow's market and maybe even Mr. Softy will catch a bid or two.

GRA dropped a few cents today on good earnings and OI went up 4.20 on adequate earnings. That's why I call it roulette you never know what number will produce a winner.

This guy is pulling back again


which is good.

The VIX remains in neutral and the up/down ratio pulled back to neutral, posting a 47%.

In the face of all of this exuberance I'm calling for another mixed day tomorrow - yes, that's right, I'm forecasting the Dow to go up and the COMPQ to go down.

The coin, having only a binary nature, is calling for a down day tomorrow outright.

Another tie day leaves the score at Marlyn 27 - 26 and 12 and the coin is 30 - 23 and 12. This year, for all of the record breaking going on - is not as good as it looks.

I'll be back tomorrow with some additional posts regarding the cross over method. Stay tuned. Oh yes - I remember - the model portfolio - I'm working on it.

Thursday - Not Expecting Much

Weak opening - and if you think a gap up on the Q's means anything wait awhile - Thursday is the best day for gap closing both ways.

I was correct regarding DNDN and the probability of a jump up which I felt was nil - it jumped down instead and hit the stop - oh well - good riddance - I hate biocrappa anyway.

Looks like we're going to get that down day that I've been looking for - SPY is already red and Q's have lost half of the open. DIA is still plugging along hard to kill that momentum.

I'm going to add KMX to the trading portfolio once the market settles. I picked this one off the cross over filter that I wrote about earlier.

Sold most of my GGB holdings - I'm not going to lose a significant hunk of profits to a stock that just stopped going up. If it pulls back far enough today I'll layer back in tomorrow.

And interestingly enough - AAPL gapped up and immediately began falling.

DIA has already lost back about 60% of its gap up.

Going to be a good day to go play golf. See you tonight with the Wrap.

UPDATE: This is interesting

The power of R1.