Fear The Future Radio

Futures a little lower this morning. Overseas markets are mixed and not a ton happening this morning so far. This is the final weekend before the election. Some are saying things will be worse for the markets if Obama gets in, but some also think things won’t get any better with McCain in the office. One thing that seems certain, is that if things don’t get better over the next several years, whoever gets into office is going to get the blame. Seems like everyone just wants to blame someone for things that go bad and not take certain responsibilities themselves. We can’t just depend on any president to turn things around. We need to start it in our own communities and hope whoever gets elected will be willing to be proactive as well and take steps to aid our causes. Anyway…

What we’re watching today:

Going into this weekend we’re still being cautious, just a lot to it, end of the week, month, and elections next week. We’re leaning on the short side but take your gains if you get em.

GS, AAPL, and POT. All 3 of these can move fast so don’t get greedy. Make sure you can go into the weekend without worry!

Trade Smart!

Futures up this morning. This is good, but be careful for pull backs today. We like the long side today though. Natural gas inventory is at 10:35 so that may play a little part into things.

What we’re watching today:

ENER – we think if it can hold above 33 it has room to run today.

Also watching energy(chk, xle) and casino(mgm, wynn)

We’ve seen big moves the past few days so continue to be careful, yesterday’s last 10 min. show how fast the markets can turn.

Trade smart!

Futures were up slightly now everything flat.  Thought we might get an early Fed cut decision yesterday, but looks like it might come this afternoon instead.  Yesterday’s action looked as though it was happening though as the markets almost went over 900 points!  Remember the FOMC is this afternoon so be careful with your positions.

What we’re watching:

V and FSLR have earnings after the close so we might see some movement in them.

Energy stock also seeing some upside this morning so we’ll keep an eye on them as well.

Trade smart!

Futures up this morning on what seems like the world markets trying to rally.  The Fed meets today too so we might hear what kind of plans they have, probably some sort of rate cut today.  This should provide a little boost to the markets in the short term, meaning like at least today.

What we’re watching today:

AAPL, MON, GS

Futures way lower again this morning. The Yen is picking up steam again and the global markets are again seen selling. Even with a Fed rate cut we’re not so sure that it would be enough to cause a huge rally in the markets. If we do get a cut we may see a bounce, but the further we dip the more we’re getting the feeling we still have a lot more downside room. If you’re still considering or establishing positions on the long side, remember it’s for the long haul. Trying to build up short term positions for the near term is too risky at this point because of the potential of these big gap downs. Also if building positions remember it’s just that, building them, you should be taking really small positions if any at these levels.

What we’re watching:
The indexes – SPY, DIA, QQQQ and also the ultrashorts SKF, SDS, QID

Oil also becomes an interesting play here with the markets in tank mode, oil prices have come down as well. Oil will eventually pick itself back up, probably faster than the markets, so we’d be watching them first. Watching RIG, OIL, USO, and also DUG as the ultrashort for that sector.

UAUA may be an interesting play on the long side with oil prices dropping, but it’s still kinda scary with the overall markets dipping.

OK, we try to keep the list of what we watch to a minimum so just pick a few and don’t get overwhelmed. Remember don’t trade crazy, TRADE SMART!

First we wanted to say sorry for not getting a post in yesterday.  Our servers were down and our tech guys had to work on that so hopefully things will be smooth today(as far as our site goes), but as far as the markets go….

Futures WAY WAY DOWN this morning.  Global fears continue as world markets are selling off.  There was even a halt in futures trading this morning.  We may see a slight bounce at the open but looks like there’s a whole lot more selling coming.  Today is one of those days that we might even see a halt in trading mid day sometime.  I’m guessing there’s still a lot of mutual funds that are looking to liquidate and their money managers are human so a lot of fear and emotion are going to be factored into many decisions today.  If you have been starting to build positions, just continue to be careful, depending on what you’re in we should still see a bounce, and building positions really should only be for longer term plays(meaning at least a year) because the force of these sells could still be looked at as buying opportunities, just don’t over build in this dropping market.

What we’re watching today:

The major indexes for sure just because when things like this happen you can pretty much get a lot of action there.  DIA, SPY, QQQQ, etc.  We’ll also be keeping an eye on the ultrashorts like TWM, QID, SKF etc.  Obviously, we’re looking at downside pressure today, although don’t jump the gun.  With a sell of this big we may see a rally to start, we’ll look to take some positions on pops.  But this is the stock market, so be careful, if the Fed steps in we could also see somewhat of a rally.  Just be EXTREMELY CAUTIOUS today.  I’m hearing 1997 all over again from everywhere.

We were trading POT yesterday (come on people, the stock!), and with the drop in it today that $58 level may actually be a bounce level.  But with all this extreme selling if you decide to trade it on the long side be ready to keep stops farily tight and don’t get greedy.

Be safe out there today in the markets and this weekend in life!

Trade Smart!

Futures down this morning as fear is looming on recession fears again.  Seems like this is old news, but I guess it still hasn’t changed the facts.  Oil is dropping a bit on concern that there will be less demand.

Here’s what we’re watching today:

AAPL – had earnings last night which were good so we’ll see what happens in a down market today.

BP, RIG – on oil concerns we thing we can catch a little more downside action on the pops, just trade it with smaller positions.

One more thing, AAPL reports tonight after the close so be careful if you’re holding any overnight positions.  This will not only affect AAPL, but also other tech names and really the markets in general as AAPL is such a widely held name.  But if they report blowout numbers and have anything good to say this could be a spark to a short term rally.  Trade smart!

Futures were slightly lower this morning.  Markets were choppy this morning, the Fed is working on keeping funds to for the money markets so this could be somewhat a good thing.  AXP had their earnings last night and did well but outlook doesn’t look too good, but then again, did we expect them to say everything was going to be peachy?  Trading with smaller positions as to not go nuts and get beat by this wacky market.  However, things are really looking like they’re starting to stabilize which was the whole goal of the “rescue/bailout” plan.  We still think there’s more potential downside action ahead but don’t really think we’ll see the type of selling off we had seen the past few months.

What’s going on in the NFL?  Broncos got thrashed on Monday night against the Bradyless Pats!  My Cowboys are getting beat by the who?!? the Rams?!?! People have been saying Tony Romo is overrated, um, yeah we need him back ASAP.  I think the X factor of Felix Jones being hurt is also taking away from what made them so good at the start of the season.  When Romo and Jones come back I think we’ll be in good shape.  Better them to lose a few games now rather than later when things will really matter.  Anyway….

We’ll be back tomorrow morning with more insight as to which way to trade and what we’re looking at trading.  We’re also thinking of getting a chat room started, but we’re just in the beginning phase of that, if you might be interested in something like that drop us an email or a comment on here so we know what type of capacity chat we’ll want to get into.