Author Archives: TheAcsMan

Daily Market Update –  December 23, 2016 (9:00 AM)

The Week in Review will be posted by 10 PM and the Weekend Update will be posted by Noon on Sunday.

The following trade outcomes are possible today:

Assignments: none

Rollovers: None

Expirations:   none

The following were ex-dividend this week:    GDX (12/19 $0.055), LVS (12/19 $0.72), DOW (12/23 $0.46)  

The following are ex-dividend next week:  CY (12/27 $0.11), GPS (12/30 $0.23)

Trades, if any, will be attempted to be made prior to 3:30 PM EDT

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Daily Market Update –  December 22, 2016 (7:30 AM)

Was the week before Christmas…..

We all know how the famous poem goes, but there’s not much stirring in these stock markets, either.

That’s how the view is this morning, as well, although we are awaiting a GDP report before the open.

Unless the results are very, very unexpected, there’s probably not too much reason to expect that stocks will do anything but what they’ve been doing all week.

That is, nothing.

That’s fine by be, as I think I’ve made pretty much all of the trades that I need to make, other than for some of those personal DOH trades that I hope to be doing a lot more of in 2017.

If you have the time and the stomach lining to deal with those, they can really be a great example of making lemonade out of lemons, as long as you also have the stocks in sufficient quantity to really make it worthwhile.

The bad news, of course, is that I have those big losers in big enough positions to make it worthwhile.

But when I look at the income stream that they can generate if not minding the hyper-focus and Rolaids necessary, they are the equivalent of a well paying job.

These days, that’s appealing in and of itself and I do believe that 2017 will really be a year of commodity prices, as we look at infrastructure program initiatives in the US and maybe some awakening in China.

Of course, with that may come the fear that will eventually return as we start thinking about multiple interest rate increases, but that’s an issue for another day.

I expect to be doing little today and am looking forward to a couple of holiday shortened trading weeks as I also count my time down.

Daily Market Update –  December 21, 2016 (Close)

For as quiet of a day as yesterday was, there were certainly plenty of trading opportunities.

Enough so, that I’m not left with any more rollovers for the week, at least not for positions expiring this week.

I even, uncharacteristically rolled over some positions not expiring for another 4 weeks, although both were dividend related rollovers.

This morning seemed as if it was going to get off to a quiet start, but for the most part, that has been the story since the election.

There really haven’t been any days that have telegraphed a large move up or down in the futures.

The market has just kept its steam and moved higher, a little at a time.

That definitely reminds me of 2007.

Back then, it seemed as if each and every day, heading into October of that year, was just one new high after another.

I don’t think that the next chapter is going to be like the one that followed those October 2007 highs, but I do like my cash position now much better than I did back then.

Or even a month ago.

So, for the rest of the week, I will probably be a bystander, although I still wouldn’t mind parting with some money.

Today wasn’t the day to do so, though and it did end up being a really quiet kind of a day.

Maybe even boring.

I almost parted with some money yesterday, with a name that wasn’t on the list this week and gave it another look or two today and maybe again tomorrow.

Otherwise, it could be a snoozer, even as we do have a GDP coming our way tomorrow,

Daily Market Update –  December 21, 2016 (7:30 AM)

For as quiet of a day as yesterday was, there were certainly plenty of trading opportunities.

Enough so, that I’m not left with any more rollovers for the week, at least not for positions expiring this week.

I even, uncharacteristically rolled over some positions not expiring for another 4 weeks, although both were dividend related rollovers.

This morning seems as if it is going to get off to a quiet start, but for the most part, that has been the story since the election.

There really haven’t been any days that have telegraphed a large move up or down in the futures.

The market has just kept its steam and moved higher, a little at a time.

That definitely reminds me of 2007.

Back then, it seemed as if each and every day, heading into October of that year, was just one new high after another.

I don’t think that the next chapter is going to be like the one that followed those October 2007 highs, but I do like my cash position now much better than I did back then.

Or even a month ago.

So, for the rest of the week, I will probably be a bystander, although I still wouldn’t mind parting with some money.

I almost did so yesterday, with a name that wasn’t on the list this week and will give it another look or two today.

Otherwise, it could be a snoozer, even as we do have a GDP coming our way tomorrow,