Its June 21st and officially first day of summer. With that being said a summer vacation is in the works which might result in some inactivity on here.
But until then I will not stop improving and updating the blog. Last week I managed to get the blog running from 7 second load page to less than 2 which is 3x faster.
Next up was the much neglected Current Picks page that wasn’t updated since May 15th. That is now checked off the list and also an improvement in the look of the current picks page was done. Here is a before and after shot.
Next up on that page is to have a visual chart for at least the main indices but don’t expect it anytime soon.
Getting away from general information and into market talk. It seems like 6-10-2010 was a turning date for the majority of the symbols that my system tracks. The S&P is up 31 points (nearly 3%) since then. One thing i noticed is that 1139 is strong resistance if it the market gets that high.
Seeing this i decided to have some fun by plugging in BP stock into the system and i’ll let the chart speak for itself. Keep in mind BP rig exploded April 20th.
The Futures are up 13 points (1%). Only scheduled news is for Bennies counterpart Trichet to speak at 12:30pm. Unscheduled news? well the US navy moving around in the Red Sea and the Israeli crafting a new “do not bring into Gaza” list.
Update: Oh and what’s this? Far offshore, crews drill into Gulf to stop oil (AP) Relief well? Ay Dios Mio!! The only little people left after this will be BP shareholders and pension funds. They dont know how much oil is underneath there… oh wait one relief well might not be enough because the aim has to be precise so lets drill about 50 and deplete the oil ASAP and when the bottom of the gulf becomes an empty cavity without the oil and collapses on itself it’ll look like a humongous version of the Guatemalan Sinkhole and lets not mention the Mega Earthquake a crashing of the seafloor would create but wait lets add some tsunami for a topping . I realize i’m being a bit unrealistic as this takes time but lets put it this way,I might still be alive when it happens and it will not be pretty.