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Current Events – 03.12.10
3:12 pm EST — DJ reports the International Monetary Fund is considering establishing a system that would supply funds from several currencies, including the U.S. dollar, to money markets in the event of another global financial emergency, the fund’s deputy managing director told Japan’s Daily Yomiuri newspaper. “We’re considering whether the IMF can set up a system”... [Read more]
Current Events – 03.12.10
1:20 pm EST …. The S&P 500 Financial Index continues to push higher as it peaks above 210 for the first time since October 15th. The index touched 211.07 but failed to push higher to test the 16-month high of 212.07 set on October 14. The XLF has pushed up to 15.73 today, just shy of the 15.76 16-month high set on October 14. Financials have been helped by a number of items: 1) Financial... [Read more]
March 11, 2010 … Today’s Action – 81.76% performance gain
Today’s Action …March 11 , 2010, 4:00 pm EST Performance: SPM+Game Theory PRO rating was 81.76% ^^^ BEST IDEA — SPM+Game Theory 77 LONG PRO– Projected target price $04.00–22010-Mar-11 14:57:41: BUY $ZQK @ 3.14. … Add to position on valuation - BEST IDEA — SPM+Game Theory 79 LONG PRO– Projected target price $05.25 (new) –2010-Mar-11 14:50:17: BUY $NBG @ 4.22. … Add to position on... [Read more]
March 10 , 2010 – Current Events Summaries
… March 10 , 2010 Current Events: 3:08 pm EST … The consensus estimate is calling for the U.S. trade deficit to grow from $40.2 bln in December to $41.0 bln in January. That would be the third consecutive monthly increase and its highest level since December 2008. The expected jump in the deficit follows closely with the strengthening of the dollar in January. The Federal Reserve’s... [Read more]
March 9 , 2010 – Current Events Summaries
March 9 , 2010 3:45 pm EST … In the final hour, we saw a large pick up in volume as price worked its way off the highs, with the SPY showing very large volume spikes in recent intraday trading. It will be important to see where the indices end up, but either way, it signals some larger players participating in trading compared to yesterday’s anemic, below average totals seen on NYSE. As... [Read more]
March 8 , 2010 – Current Events Summaries
March 8 , 2010 3:36 pm EST … The major indices continue to trade in an narrow range on light volume (Dow -0.1%, Nasdaq +0.3%, S&P 500 +0.0%). .. The commodity complex closed essentially unchanged as the dollar index did the same. … Precious metals sold off as the dollar pared its early losses this morning. Both metals moved modestly higher off session lows but traded relatively flat... [Read more]
Solid performance for the market on Friday …
Solid performance for the market on Friday with the stock indices breaking above narrow ranges of the last few sessions to establish new rebound highs off the Feb lows (Russell 2000/S&P 400 joined by Nasdaq Comp at new 52-wk highs). The bullish bias of the last month and for the most part this week was extended in the wake of the slightly stronger jobs data (payroll -36 K vs. consensus -68 K; unemployment... [Read more]
Last Week’s Noise:
Last Week’s Noise: A smaller-than-expected decline in February nonfarm payrolls provided participants with a reason to bid stocks broadly higher, but financials booked the best gains for the second straight session. … Stocks spent the entire session in higher ground. The positive mood on Wall Street was reinforced by the latest Nonfarm Payrolls Report, which showed that just 36,000... [Read more]
PERFORMANCE – week ending March 5, 2010 – success rate 93.124% on transactions
PERFORMANCE – week ending March 5, 2010 – success rate 93.124% on transactions For the week ending March 5, 2010, 4:00 pm EST, the BTD portfolio had a net performance gain of 4.01 percent on 55 full circle transactions, and a success of 93.124 percent. All closed transactions are posted below: …March 5 , 2010 CARRY SHORT POSITION OVERNIGHT — 3:50 pm … ITMN – last... [Read more]
Speakers’ Corner
The Dart is working on finishing this website. The hope is that it will be launched in the next few days! All is moving ahead as planned. Read More →
