Monday, July 4, 2011

Back at It

I hope everyone had a great 4th of July!  Thunderstorms are moving through right now, and the cooler air is very nice. 

Had a cookout on Saturday and it was fun!  I got a bit busy and did not take many pictures, but here are the baby back ribs before and after:
Came out pretty good.

Back at It
It would only figure that when I was taking a break from market stuff, everything goes nuts to the upside. One of the biggest multi-day rally's ever happened last week. While there could have been some low volume games and "window-dressing" going on, the panic buying as I like to call it was everywhere.

It is hard to enter a market that has been running so hot. Conventional wisdom would be for some side ways action or even a pull back. My feeling is that the upside party is not over, and we could see a couple more 1-1.5% broad moves up early in the week. So what to do?

Homework. I will go to work using the PPT screener and find the best looking set ups as I can. If everything looks good then I can go ahead, but with an eye towards broad market trends. Obviously I don't want to chase any names up 10-15% over the last week. Missed that boat.

Anyways, good luck getting back into the week.

Have a good night.


Jennifer Hillier said...

I tried to comment earlier but things get eaten when I use my phone.

Happy 4th, my friend! :) Those ribs look ridiculously delicious.

EconomicDisconnect said...

thanks JH, your books will arrive next week! Happy 4th to you.

David Batista said...

Yum, yum, yum! Unfortunately, no BBQ for me this weekend as we were in transition travel mode . . . but damn this makes me wish we had a backyard and a decent grill. :)

Jake Robert said...

That grilled meat looks so yummy, Man you must've had a good time this Saturday.

Jake Robert said...

That grilled meat looks so yummy, Man you must've had a good time this Saturday.

zydecopaws said...

Great looking ribs there. Glad to see you had a Happy 4th.

Watchtower said...

Ribs look awesome!

Anonymous said...

Looks good get.

Say when you have some time, Ive got an interesting article for ya...

Remember last december when one of those "extra normal" videos came out, and it was 2 bears, out in a field talking to each other, and the one was explaining how you can and should (buy silver, and bankrupt the "J.P. Morg")???

If I recall correctly, one of your blogger buddies (perhaps Kid Dynamite) caught alot of grief for saying that was some BS conspiracy theory. Well, after looking at the spectacular crash of SLV in the last month, I wonder what ever happened to those "buy silver, and bankrupt the JP Morg" believers? Given that they have been absolutely brutalized by the markets, are they now railing against the conspiracy theorist, etc.???

Just thought that would be an interesting follow up blog topic if you had time...

GawainsGhost said...

Since you're so into robotics, GYC, check out this article.

EconomicDisconnect said...

David, a good charcoal grill can come in handy for sure. Hope vacation was fun on the Cape!

JR, indeed it was a good time.

Zyde, wow thanks for stopping in!

Watchtower, thanks!

Anon, maybe Thursday night as I am watching metals this week anyway so could tie it in.