Friday, September 11, 2009
9/11 A Day of Reflection...Futures Slightly Higher Open...
2:00 pm ET - The power is back...the SPX rose to 1,048.18 and then pulled back...currently -2.68 at 1,041...the SPX is behaving like you would expect it to at a significant resistance area...NYSE advancers and decliners are fairly even and Nasdaq decliners lead advancers 1.5 to 1...
11:00 am ET - The electric company just showed up and yes just like a few months ago another unfortunate squirrel jumped on the transformer and knocked the power out. It will be about an hour before it is restored. The SPX is up modestely and stocks FUQI, FXC, BDK, FWLT and others are enjoying strong moves this morning. So I'll be back when the power is back...
Just as I was getting ready to hit the post button the power went out on my street temporarily losing access to this mornings post. When we regain power I will post.
Futures are a slightly higher just before the open and AAPL and BIDU are higher.
Look at these charts...
ALGT, DOW, FUQI, JCI
9/11 is a day of relfection for the sufferings and hardships that many families have had to endure. It is a momument of sacrifice that men and women gave in the service of the fellow man. May we express gratitude for the Almighty who grants us a free nation where we can overcome adversity and create a better life for ourselves and others.
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7 comments:
Dave,
Repost from last comment section
Holding Sept calls I'll be looking to close out some today into any strength. What is the significance
of the new high for short term traders? Is it a good strategy to close out some before the weekend? Thanks for taking the time to do this blog and help us traders become successful.
Gary
Well said. Thanks be to God for giving us such a great nation. It's still about the only one that people are lined up to get into.
Dave,
Fridays are always fun with you here. I remember that squirrel awhile back. ; )
Sweet words and reflection.
Have a great weekend. See you on the wrap.
Peggy
Hello Dave.
I was delighted, (but not surprised), to hear and see photos (Thank you Hatman and all!) of how awesome your 2 day live workshop in Philadelphia was!
I am glad that everyone is home safe and that you are back with us again.
The $SPX is at 1045.56 as I type = 8:26 A.M. PST
I am enjoying the moves up in BDK and FWLT
With the risk of being a bit long winded;
I think you said it so eloquently Dave, when you wrote that this would be a good day for reflection on the sufferings that so many people endured, beginning on this day, eight years ago.
Today I will reflect on that and will be grateful to the almighty, who really does give us so many freedoms and opportunities in our country to make a better life for ourselves--
With Thanks and Gratitude,
Laney
Dave
Thanks again for a great AT workshop. I really come away with 1)-crystalized AT skills-still growing of course, 2)Trading Journal specifics-3)How to write my RULES, 4) Confidence because of the above. Looking forward to seeing you on line and in the future live. God bless.
Mark
Dave,
Your teaching Thursday was so great I think it reached Milky Wave Heights.
Dave Lewis
Dave, Thanks so much for your comments about 9/11. We have do much to be thankful for in this country. thank you for the great Philly conference. My husband agreed it was your best yet and we are still learning from you each time we come to one of your conferences. We constantly need to hear trading psychology and the word "discipline". Thanks Brenda
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