Back about five years ago, one of my mentors noticed that the S&P 500 hadn’t had a 1% up or down day in months…I’ll pull up the actual stats for you guys later, but the point being that are times in the markets that are incredibly steady. And today, we’ve got a flattish market. And […]
“And we’re back…”
“And we’re back.” I bet I said that 2-3x per show during my 528 episodes of hosting Fox Business Happy Hour. But I mean it in an entirely different context this time. This time, I mean, “And we’re back to where we were before the idiots at S&P who used to think that subprime mortgage […]
I’m buying back a small fraction of the…
I spend a lot of time trying to look past the headlines, as you guys know, because I think the headlines are usually misleading, stupid half-truths. At best, the headlines can tell you what is already priced into the markets. At worst, they’re used as propaganda. Anyway, today’s headlines and requisite explanations of today’s intraday […]
Google buys Motorola Mobile and that’s the big news of the day…
Good morning and welcome back to the rodeo. The markets are up on the day, about 1% or so. It’s really that steady, nice action that the bulls have sorely been needing — this bottom’s looking like it’s going to be a process. Google buys Motorola Mobile and that’s the big news of the day. […]
Out here in the fields…
And that’s just about a wrap on another crazy week at the markets. We’re into the contra-hour and the day’s steady rally has…wait for it, wait for it…held. Yes, we’ve actually had some steady, non-dislocating action in the markets today. That’s probably a good way for the bulls to head into the weekend. As for […]
Here’s a list of my positions, both long and short…
Here’s a list of my positions, both long and short, in approximate order from largest notional position to smallest: Longs – Cisco Marvell Google Sandisk Nuance Apple Microsoft Cypress Riverbed DBA Ciena Corning Visteon Adtran Shorts – LPS Wells Fargo Cablevision Live Nation SLV
Rather than breathing relief and piling in on top of this big two-day rally…
Kickin’ in the front seat, Sittin’ in the back seat Gotta make my mind up, Which seat can I take? It’s Friday, Friday, Gotta get down on Friday Everybody’s lookin’ forward to the weekend, weekend Friday, Friday — Rebecca Black Yeah, I quoted Rebecca Black. Ha! At least it’s Friday. What a crazy, exhausting, but eventually profitable week. […]
It’s okay if you’re still feeling whipsawed from the last couple weeks…
Well, that wasn’t quite the steady hold of 2-3% broader market gains that the bulls should be have been looking for. Yes, counterintuitively, I would consider that extra 2-3% intraday push higher (and subsequent 1% fade in the last ten minutes of the day) to be more indicative of likely near-term weakness, rather than the […]
Best-case scenario for the bulls would be…
Out of the ashes came the dawn and the shape of things to come Never surrender, just carry on, straight to kingdom come And on the 8th day God created rock and roll (rock and roll) — KISS Well at this point, a day without a 5% intraday swing seems tame. Yes, the markets have […]
Chat transcript: Contrarianism is a way of life; the Fed is criminal; and updates of Apple, Sandisk, WFC; and much more
I met up with scores of subscribers to TradingWithCody.com yesterday in our chat room (open at https://tradingwithcody.com/chat Wednesdays at 2pm EST for one hour). They took me up on the offer of asking me just about anything, as you’ll see below in the transcript from yesterday’s chat. The first section is full of economy/marketing/trading/strategy questions. […]
Cisco will remain one of my biggest positions…
A morning bounce or two out there. The markets are up about 1-2% and if they can just sit around here at these levels for a day instead of zooming 3-5% back up and down all day, we might finally start building a base and/or even a bottom. Obviously, the biggest stock story of the […]
You can meet me in the chat room at 3pm EST today…
As you guys can clearly tell, we’re still getting this chat feature figured out. Today’s session will start at 3pm EST (instead of the usual 2pm EST) and we’ll run through til the market closes. You can meet me in the chat room and ask me anything you want by logging into your TradingWithCody.com account […]
Is the object of this game to actually catch the bottom?
Go easy, the doorman said The floor is slippery, So watch your head. This message read. – Neil Young It’s slippery out there. Yesterday’s rally, in the midst of which the market happened to close, is now a fleeting memory. When you step back away from the indices and the broader markets crashing around you, […]
Think about the message in this opening write-up…
It’s still wild out there. I’d mentioned last night that just because we closed on the highs of the day yesterday that it shouldn’t be considered a “bullish” day. Indeed, the sell off came quick, and the DJIA is already back down 300 — back to where it was a couple times during the trading […]
US Economy Update: Rise of the Planet of the Apes…
If the markets had closed at 10am, the papers tomorrow would talk about Tuesday’s sell off continuing in the markets. If the markets had closed at noon, the papers tomorrow would talk about Tuesday’s nice rebound in the markets. If the markets had closed at 3pm, the papers tomorrow would talk about Tuesday’s intraday crash coming on […]
Looking past the many current crises…
The guys on TV say we’re supposed to be talking about the S&P downgrade of the US debt. The newspapers say we’re supposed to be talking about Spain and Italy and whether or not the ECB, and the World Bank can redistribute enough wealth upward to the elite and bank shareholders and lenders that they […]
Signing up for Trading With Cody
Sign up now and get a free signed paperback copy of Cody’s new book Everything You Need to Know About Investing. See the stock and option trades I’m doing in my personal account in real-time and get access to all my recent investment books by subscribing to TradingWithCody.com. Option 1 : $99.00USD – monthlyOption 2 […]
I’d like to see the markets try to stabilize here for a few days…
The markets bounce. It’s a good 2-3% bounce off the lows yesterday (and 3-4% higher than the futures were trading this morning), but that’s still less than half yesterday’s collapse. This is probably about as healthy an action as we could have expected after this wild volatility. I’d like to see the markets try to […]
Doesn’t mean we’ll nail this bottom, but avoiding the emotional trades are key to outperformance…
Another panicked sell off. The VIX, a measure of volatility of the S&P 500 and a reflection of emotion, is through the roof: Emotional trading from others brings opportunity to those who remain level-headed. Doesn’t mean we’ll nail this bottom, when and where it does come, but avoiding the emotional trades are key to long-term […]
I’m buying some out of the money calls…
There’s a lot of cross currents, emotions, and macroeconomic forces intermingling right now. And that’s got the markets and most everybody running money losing confidence. And panicking. And running for the hills. I’ve been saying since this sell off really started getting vicious last week that trying to catch a perfect bottom is the […]