Comments on: June 7, 2007 Stock Market Recap

By: Michael

Michael — Sat, 09 Jun 2007 01:47:41 +0000

does covering shorts count as buying?

By: Bill a.k.a. NO DooDahs

Bill a.k.a. NO DooDahs — Fri, 08 Jun 2007 20:07:10 +0000

Did anyone else BUY yesterday? Granted, my SPY limit (1/3% below the Wed. low) was too high, but them’s the breaks.

Anyone else notice gold is now down 25% relative to the S&P, not including divvies, since they both peaked in May 2006? Stocks making new highs, gold … not?

By: Michelle B

Michelle B — Fri, 08 Jun 2007 13:32:13 +0000

Great post, Michael, thanks.

By: Kevin

Kevin — Fri, 08 Jun 2007 02:13:31 +0000

Hi Mike,

I missed shorting the utilities at the fiddy day too.

I agree with you that we could get a bounce in the market as shorts may cover ahead of the weekend.

By: Afraid to Trade.com Blog - Overcoming Stock Market Fears » Today’s Market Decline and Implications

Fri, 08 Jun 2007 00:06:35 +0000

[...] writes a very concise yet informative post with an excerpt from the Worden Report in his “Stock Market Recap”.Â TraderMike posts some of the best snap charts of the daily action of the major indexes and is [...]

By: downtowntrader

downtowntrader — Thu, 07 Jun 2007 23:47:44 +0000

Funny Mike, I had a couple hits for “rally dead” and some looking for “TWM”. I also noticed a few friends of mine throwing in the towel and bracing for a catastrophe tomorrow. Odds are a lot of people will get caught off guard soon, although its still to early to jump in on swing trades.
Good Luck tomorrow on the probable gap fade,

Joey

By: Michael

Michael — Thu, 07 Jun 2007 23:23:45 +0000

As dude said on CNBC Monday morning: “This market is bullet proof”.

By: Dr. Duru

Dr. Duru — Thu, 07 Jun 2007 23:20:58 +0000

Sell in May, and stay away…? Hmmm….