Any late night owls out there? If so, here's a funny joke for you all too laugh at…
The Riddle
Barack Obama met with the Queen of England. He asked her, “Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?”
“Well,” said the Queen, “the most important thing is to surround yourself with intelligent people.”
Obama frowned, and then asked, “But how do I know the people around me are really intelligent?”
The Queen took a sip of tea. “Oh, that's easy; you just ask them to answer an intelligent riddle.” The Queen pushed a button on her intercom. “Please send Tony Blair in here, would you?”
Tony Blair walked into the room and said, “Yes, my Queen?”
The Queen smiled and said, “Answer me this please, Tony. Your mother and father have a child. It is not your brother and it is not your sister. Who is it?”
Without pausing for a moment, Tony Blair answered, “That would be me.”
“Yes! Very good,” said the Queen.
Obama went back home to ask Joe Biden, his vice president, the same question. “Joe, answer this for me. Your mother and your father have a child. It's not your brother and it's not your sister. Who is it?”
“I'm not sure,” said Biden. “Let me get back to you on that one…” He went to his advisers and asked every one, but none could give him an answer. Finally, he ended up in the men's room and recognized Colin Powell's shoes in the next stall.
Biden asked Powell, “Colin, can you answer this for me? Your mother and father have a child and it's not your brother or your sister. Who is it?”
Colin Powell yelled back, “That's easy, it's me!”
Biden smiled, and said, “Thanks!” Then, he went back to speak with Obama. “Say, I did some research and I have the answer to that riddle. It is Colin Powell!”
Obama got up, stomped over to Biden, and angrily yelled into his face, “No! You idiot! It's Tony Blair!”
AND THAT MY FRIENDS IS WHAT'S WRONG WITH OUR GOVERNMENT.
TNA had a Wait signal, was up a bit today, and has a Wait for tomorrow. The TNA sell was at $69.05 (AB price), and the close today was at $65.45, down 5.2% since the sell.
TZA had a Hold signal, was down a bit today, and has a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.81, up 4.8% since the buy.
Three recent TZA Buy signals have failed and may perhaps serve as a warning: Buy at $7.33, sell at $7.14 Buy at $7.11, sell at $7.05 Buy at $7.04, sell at $6.51 Buy at $5.54, up 4.8%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring: Buy at $55.36, sell at $55.43 Buy at $55.69, sell at $55.63 Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +1 Hold: GLD(gold, up 2.2%), EWU(England, down 5.3%), SLV(silver, up 4.7%),
Transition to Market Positive: -5 Possible buy: GOOG, QQQQ, DIA, SPY, USO(oil),
Transition to Market Negative: +1 Possible sell: UCO (2x oil),
Red,
Seems like a lot of considerations go away when day trading. I can see why people get attracted to it.
Only downside is all the money that's lost from getting it wrong 🙂
Carl is one gutsy trader… I really think this is just a blow off top. But, I guess that doesn't matter if you are day trading.
Holy Cow!
Carl just went Long second unit at 1201.50
Sometimes I feel like I'm rooting for the “Bad News Bears”…
Looks like we melt higher again… I don't think it will hold though.
WooHoo! Carl is back in the game!
Carl just went Long one unit at 1197.25
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1192 – 1205. A swing to 1270 is underway.
1178–1192 actual yesterday (14 points)
1198.50 high last night
1192-1205 estimate for today (13 points)
1197 currently, so estimate is -5 to +8 from here (A bit Bullish)
Any late night owls out there? If so, here's a funny joke for you all too laugh at…
The Riddle
Barack Obama met with the Queen of England. He asked her, “Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?”
“Well,” said the Queen, “the most important thing is to surround yourself with intelligent people.”
Obama frowned, and then asked, “But how do I know the people around me are really intelligent?”
The Queen took a sip of tea. “Oh, that's easy; you just ask them to answer an intelligent riddle.” The Queen pushed a button on her intercom. “Please send Tony Blair in here, would you?”
Tony Blair walked into the room and said, “Yes, my Queen?”
The Queen smiled and said, “Answer me this please, Tony. Your mother and father have a child. It is not your brother and it is not your sister. Who is it?”
Without pausing for a moment, Tony Blair answered, “That would be me.”
“Yes! Very good,” said the Queen.
Obama went back home to ask Joe Biden, his vice president, the same question. “Joe, answer this for me. Your mother and your father have a child. It's not your brother and it's not your sister. Who is it?”
“I'm not sure,” said Biden. “Let me get back to you on that one…” He went to his advisers and asked every one, but none could give him an answer. Finally, he ended up in the men's room and recognized Colin Powell's shoes in the next stall.
Biden asked Powell, “Colin, can you answer this for me? Your mother and father have a child and it's not your brother or your sister. Who is it?”
Colin Powell yelled back, “That's easy, it's me!”
Biden smiled, and said, “Thanks!” Then, he went back to speak with Obama. “Say, I did some research and I have the answer to that riddle. It is Colin Powell!”
Obama got up, stomped over to Biden, and angrily yelled into his face, “No! You idiot! It's Tony Blair!”
AND THAT MY FRIENDS IS WHAT'S WRONG WITH OUR GOVERNMENT.
It's quiet everywhere Al… Must be the calm before the storm.
The Daily view from Americanbulls
TNA had a Wait signal, was up a bit today, and has a Wait for tomorrow. The TNA sell was at $69.05 (AB price), and the close today was at $65.45, down 5.2% since the sell.
TZA had a Hold signal, was down a bit today, and has a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.81, up 4.8% since the buy.
Three recent TZA Buy signals have failed and may perhaps serve as a warning:
Buy at $7.33, sell at $7.14
Buy at $7.11, sell at $7.05
Buy at $7.04, sell at $6.51
Buy at $5.54, up 4.8%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring:
Buy at $55.36, sell at $55.43
Buy at $55.69, sell at $55.63
Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +1
Hold: GLD(gold, up 2.2%), EWU(England, down 5.3%), SLV(silver, up 4.7%),
Transition to Market Positive: -5
Possible buy: GOOG, QQQQ, DIA, SPY, USO(oil),
Transition to Market Negative: +1
Possible sell: UCO (2x oil),
Market Negative: -13
Wait: TNA(3x), UWM(2x), ERX(3x energy), EWX(emerging mkts), IWM(1x), AAPL, EWQ(France), EWG(Germany), IYR(1x RE), URE(2x RE), DRN(3x RE), AMZN, GS
Comment: Very Bearish overall, Neutral Oil, Bearish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: none