tag:blogger.com,1999:blog-253123551511703819.post6149081632118567797..comments2023-06-21T12:09:29.290-04:00Comments on The Night Owl Trader: Friday weakly higherMichelehttp://www.blogger.com/profile/11446439300213187649noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-253123551511703819.post-50369492986176634842012-05-11T12:48:40.461-04:002012-05-11T12:48:40.461-04:00Thanks! So far, so good, eh?
Yeah, they're al...Thanks! So far, so good, eh?<br /><br />Yeah, they're all over JPM on Marketwatch and CNBC today. To quote Princess Ida of Gilbert & Sullivan fame, "He who flies highest, fallest furthest".<br /><br />(The "deleted comment" above was just because I made a typo, and stupid Blogspot doesn't let you edit completed comments).Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-17040815279051742192012-05-11T12:47:24.759-04:002012-05-11T12:47:24.759-04:00This comment has been removed by the author.Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-64426465723929088772012-05-11T12:15:22.098-04:002012-05-11T12:15:22.098-04:00Well done! You've got a winner today! I don...Well done! You've got a winner today! I don't think that we've heard the last from JPM tho.Silverbearhttps://www.blogger.com/profile/11922187484437683319noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-31937139609779636782012-05-11T11:54:14.242-04:002012-05-11T11:54:14.242-04:00Indeed. Last night's call was tough because I...Indeed. Last night's call was tough because I make my calls for the Dow and JPM is a Dow component. I finally decided that there were enough positive signs in the charts in general to outweigh whatever damage JPM might inflict. So far (at noon on Friday) that thesis seems to be playing out.<br /><br />I really think SPX 1344 is off the table, at least in the short term.Michelehttps://www.blogger.com/profile/11446439300213187649noreply@blogger.comtag:blogger.com,1999:blog-253123551511703819.post-33437220407654633752012-05-11T02:21:28.372-04:002012-05-11T02:21:28.372-04:00Michele,
The S&P is down .84% (1346 - 2:15 am)...Michele,<br />The S&P is down .84% (1346 - 2:15 am) which I suspect is the reaction to the fallout from the JPM announcement. Did you factor this into your analysis? If this continues into the open tomorrow, we could be in for some further weakness, and easily break down through 1344.<br />Best!Silverbearhttps://www.blogger.com/profile/11922187484437683319noreply@blogger.com