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Afternoon Musings

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  • Car-pool buddy Linda is away next week...who is going to keep me company and calm on the road?!?!?!?
  • I was just talking to one of my accounts about how hard it is to have no conviction in this business. Man ain't that the truth. The way I can tell that my conviction level is low is when I have 10 strong opinions in opposite directions in one stream of thought. I am on my 11th as I write this.
  • Everyone is using levels and the widely followed technical tools on the market. As you can see from recent articles, I have stopped using what isn't working. What could work in a prolonged mixed environment is relative strength and money flow. If the markets go sideways and everyone uses the SPY and QQQ, how is a fund manager to outperform? Expect to hear a lot out of me on those fronts soon.
  • If there weren't tough times, how would you appreciate good times so much? Have you ever had anything you liked a lot that you didn't take for granted?
  • The percentage of stocks overbought vs. oversold in the NDX is even at 25% each. That leaves 50% squarely in the neutral camp. See what I mean by no edge?
  • Trust me when I tell you, I can convince you that I am a "raging bull" or "growling bear." That means when I go to the gym tomorrow I am wearing my "Sammy" T-shirt.
  • Next Thursday is "bring your kids to work day." I will be guest hosting CNNfn with my men. I AM SO PSYCHED I CAN'T EVEN TELL YOU!
  • I said earlier in the week, that the next 5% move was coming soon. Good thing this is an education and infotainment site! That is something you should all remember. The only person you should use when making a trading or investment decision is yourself -- period.
  • Be careful about what you wish for -- you might just get what you want.
  • The VIX broke 26 - why don't I feel stronger about a move to the upper end of the range - 925-930 on the S&P 500?
  • My brother Toddo has gone to great lengths to provide a platform for education and infotainment -- for that I am very grateful and honored.
  • Have a tremendous long weekend -- I for one am going to take time to enjoy the moment instead of looking forward to the "next thing."
Have a very happy and peaceful Holiday
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