 | I try to be positive.
I know nobody likes that guy who complains about everything. And yes, that means you Greg Smith, disgruntled ex- Goldman Sachs employee. Did you think you had signed up for missionary work? Check out the Daily Mash for a spot on, humorous riff on Smith’s departure from Goldman.
http://www.thedailymash.co.uk/news/society/why-i-am-leaving-the-empire%252c-by-darth-vader-201203145007/
But for every “bright spot” in the market, there seems to be a bigger, stronger counter point bringing a big, black cloud of doom over even the summer weather we are having across most of the United States.
You can’t hide from the truth.
The market continues to make new highs BUT there is a sickening lack of volatility and most of today’s trading range was spent in a never ending sideways chop. The daily trading action has been downright depressing.
Somehow the People’s Republic of Obama mustered up a better than expected jobs number last month BUT for many employees, it’s cheaper to stay home because with gas nearing $5 a gallon, they can’t afford to drive to work.
The Greek Debt write-off scam will send 28 billion Euros to avoid rioting in the streets and the country igniting like a plate of flaming cheese BUT now we’ve got Portugal. That’s right, if you think the Greek economic situation was a joke, then Portugal will just be a rip riot. The Central Global Planning Cartel will have to reach deep in to their bag of tricks to structure a debt relief deal confusing enough to fool any rational thinkers. Good thing they have the IDSA to come to the rescue.
And then there’s Spain. Its economy continues to crumble like the late season hopes of Cub fans. That’s going to end well, really, it will. Promise.
It’s an election year which opens the door for the possibility of change BUT it really doesn’t matter. Whether it's the Democrats or the Republicans in power, the Fed will continue to protect the banksters while the politicians smile and look the other way.
Trade well and follow the trend, not the so-called “experts.”
Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.
larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846 | 
 Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results. | |
Trading Signals from the Electronic (ES) mini-SP 500 - No “Secret” signals today.
- Algorithm positions (12)
- “Reading the Tape” positions (1) …combined Secret’s, Algo, & “Reading the Tape” total… -1.25
Click Here to See Yesterday's Detailed Results | ES 1396.50 / 1389.50
POC... 1396.00
YM 13170 / 13120
NQ 2713.00 / 2705.00
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Keep a civil tongue.