A very Boring Session Ends With The Market Higher But On Lower Volume
May 23, 2008
Today’s market really did not have anything meaningful within it to focus on today. But what can be said about today’s rally is that it came on lower volume which is not what you like to see after a distribution day. However, it is good news that out of all of my longs, even though I had plenty where profits need to be taken, there was not a single one that needed to be completely cut for breaking the original thesis of the trade.
Without anything happening today that changes anything in the markets, I think it would be a waste of my time and yours if I put a bunch of junk up here that was just words to fill up a page. Kind of like most of the stock market commentary I read out there. There sure are a lot of long-winded people like me out there. Anyways, if you are at least a silver subscriber you have plenty to read on the new silver longs/shorts sections as I have typed out a few important notes over there.
For those that will still be here on Friday (a lot of our chat members have already checked out), I hope you enjoy trying to stay awake. Because that will more than likely be the call of duty for us tomorrow. I would not be surprised if volume is near the lowest or actually is the lowest day of the year and if we can move more than .5% up or down I will be floored.
I will be in the chat room during my usual 630am to 700am HST arrival and we will still go over the charts like always, even if there are only a few to look at. But if we have more than a baby bump on our south shores with a new weak south swell arriving, I might just pick up my boards and run out to my favorite breaks/beaches and hope for the best. If there is anything I dislike doing more than watching a dull tape intraday, I can’t think of it now. Not only would I NEVER!!!! watch CNBC EVER again (because I like to make money; not get a “good” [shitty] story).
There will definitely be a weekend post for Thursday, Friday, Saturday, Sunday, and Monday. I plan on having it done by Saturday morning. But Sunday morning will be the latest.
Thank you Veterans for everything you did to make this country the greatest country in the world. I am sorry the liberals and some rogue republicans have decided to hijack freedom and turn us into a socialist state. I still will never forget the battles that you fought and won that allowed me to have a GREAT childhood, teenage years, and early adulthood. I am obviously very worried about my future with these tax and spend PIGS that are running for the highest office of the land. But I am VERY THANKFUL for the opportunity to live in a country where a black man, a white woman, and a war veteran can all have a chance to become the next President after taking a question from a gay heavily tatted-and-pierced shemale on Youtube that cares more about the rights to have sex with animals than the rights that we have to defend ourselves against islamic fascism that is VERY REAL.
NEVER FORGET!:
“A people that values its privileges above its principles soon loses both.” — Dwight Eisenhower
Aloha! I will see you this weekend with a nice market commentary will hopefully help you understand that some markets are made to make a TON OF MONEY and some are made to MAKE YOU QUIT!!! Which one do you think we are in now? I know the answer! Do you? I hope so. By some of the horror stories I have heard the past few months, something tells me some of you don’t. See you in the chat room!
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Comments
3 Comments »
It seems your commentaries are being posted a day behind… Friday 5/23 commentary looks like it belongs on Thursday 5/22
Hey James,
It just looks like that because Josh posts his commentary for the next day before 12pm. If you read the information and look at the market you should be able to see the information is current.
You need to learn how I post. I live in Hawaii obviously if you live in Hawaii most post will be a day behind. This is time zone common sense.
YOU ARE SUPPOSED TO READ THESE EVERY MORNING BEFORE THE OPENING BELL. I POST THEM AT NIGHT AROUND 9-11PM HST. THAT MEANS THEY ARE BEING UPDATED AT 3-5AM EST. THEY ARE ALWAYS!!!!! DONE BEFORE 6AM EST–WHICH I MAKE VERY CLEAR!!!!! EVERY TIME I POST A COLUMN.
THIS AREA IS MEANT TO BE READ EVERY MORNING BEFORE THE OPENING BELL AND IS ALWAYS!!! UPDATED BY 6AM EST.
SO…..LET’S USE OUR BRAINS EVERYONE….THAT MEANS THAT YOU DO NOT NECESSARILY NEED TO BE HERE AGAIN UNTIL TUESDAY MORNING. YOU CAN COME IN HERE ON TUESDAY MORNING AT 6AM EST/3AM PST AND THERE WILL BE A NEW POST.
THE MOST RECENT POST YOU SEE IS FOR FRIDAY’S MARKET.