Wednesday, November 07, 2007

CNBC Breaking NEWS!


CNBC gets carried away with there BREAKING NEWS that they televise everyday.
Todays breaking news at the bottom of the screen highlighted in RED is that the Dow has switched back and forth from a positive to negative bias the last 8 sessions. If the $100 OIL wasn't hyped enough as a COOL headline, this serves as second best.
Rick Santeli is the only guy worth listening to, and he talks about bonds and what's really going on from a traders point of view. The Dow was down over 240pts today yet, the 10yr and 30yr haven't followed their typical pattern. Now they have CRAMER on CNBC screaming about something random that pisses him off, this is another great BUY SIGNAL.

Bond update-
13week flight to safety with 30year yields going up?
If I were a short term swing trader I would BUY THIS DIP in STOCKS.

13week Bill-


30yr-



GOODLUCK TRADING THIS-

2 comments:

jenn said...

hey i agree w/ you on the rick santeli one.. you should also try
http://hototc.com
they give some good advice~

es-hmuz on 7:04 PM said...

With cisco's warning about slowing orders from banks and auto, NASDAQ strength will be gone... Interesting to note that yesterday I noticed ES positive and NQ negative. Now I can see why.

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