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Written by Steve Meyers   
Tuesday, 07 September 2010 08:03

European currencies dragging indices down this morning. We have warned about the Euro leading everything down as reality over the financial woes sets in. Obama throwing stimulus money around and promising tax cuts so the market can hold up into the end of the week. It does get difficult as the PPT has never been more active. Being more of a trader with the aggressive positions is the only way to play this game. Those who took an aggressive position Friday would be advised to risk very little here. Again, I am not looking for too much on the upside here but we could possible test 1115-1125.

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TitanTrader  - Petulant |2010-09-07 08:47:35
Anybody who heard any part of Obama's speech yesterday was exposed to the President acting like a petulant child. I mean it was really bad.

How you could listen to that and not worry about our nations future is beyond me.
Ron Rebner |2010-09-07 08:58:40
I would add arrogant, deceitful and naive. What a terrible combination of traits. Let's hope they don't retain majority.
TitanTrader  - RE: Petulant |2010-09-07 09:20:34
I just couldn't help but think this guy is a total clown. It was embarassing to watch a president act that way. I mean he needs to grow up I would expect a high school senior running for president to act so childish.

Then some liberal on FOX last night said it was the best speech he heard Obama give in a year.

Then of course he announces another $50 billion for roads and rail, That's $1 billion per state, it's a total waste. Not to mention if your state needs roads repaired because you pissed away that money on every and anything else, that's your problem.
pid  - RE: Petulant |2010-09-07 09:28:24
TitanTrader wrote:
I just couldn't help but think this guy is a total clown. It was embarassing to watch a president act that way. I mean he needs to grow up I would expect a high school senior running for president to act so childish.


I can't seem to find the whole thing on the web. Not even at whitehouse.gov. Funny. You know, considering it was his best speech in a year or so (sic) and all...

Does someone have a link for this? Or maybe can direct me some of the moore juicy parts?

Thnx.
Ron Rebner |2010-09-07 09:33:19


pid There were a couple of speeches.

http://www.google.com/search?source=ig&hl=en&rlz=&=&q=obmas+labor+day+speech&aq=f&aqi=m1&aql=&oq=&gs _rfai=CDwez0EyGTN2EH5aCywSvpqj1BAAAAKoEBU_QWW3_#q=obama%27s+labor+day+speech&hl=en&sa=X&prmd=nvl&sou rce=univ&tbs=vid:1&tbo=u&ei=0kyGTM_jNcSblgflnOjbDw&oi=video_result_group&ct=title&resnum=4&ved=0CCsQ qwQwAw&fp=9471436a38449abf
Ron Rebner |2010-09-07 09:37:48
Early volume is slow, especially on the NYSE. If it remains slow, the PPT should not have much trouble keeping the market up.
Ron Rebner |2010-09-07 09:42:43
Sorry pid, wrong link.

http://www.google.com/search?source=ig&hl=en&rlz=&=&q=obmas+labor+day+speech&aq=f&aqi=m1&aql=&oq=&gs _rfai=CDwez0EyGTN2EH5aCywSvpqj1BAAAAKoEBU_QWW3_#hl=en&tbs=vid%3A1&q=obama%27s+2010+labor+day+speech& aq=f&aqi=&aql=&oq=&gs_rfai=&pbx=1&fp=dfe2923ae031dee
pid |2010-09-07 11:27:19
Thank you, Ron.

How is the volume so far today? Looking like a fume burning slow grind from the charts.
Ron Rebner |2010-09-07 12:34:49
Volume continues to run very low, especially on the NYSE. A/D ratios are negative about 3 to 1.
Mars  - TUE: Prodrome Model Alert |2010-09-07 11:03:29
For now the 2nd consecutive day, this model is generating a signal. The last examples of consecutive daily signals were JUN 10-11 and MAY 7-10.
PRODROME MODEL 2010 YTD 25 W--6 L
It is now after 12:00PM EST, and this model is issuing an ALERT.
The Prodrome Model attempts to identify the likelihood for looming weakness in the SP500 over the short-term. Sometimes the SP500 will begin declining the same day the signal is generated, but more commonly, the weakness comes in the following days. The model expects the opportunity to close "short" positions at a price lower than today's SP500 closing price.
As I write, the SP500 is currently @ 1096.69
Pending signals: FRI SEP 3 SP500 closed @ 1104.34.........need a lower close for a win
As with most things in life, this model is capable of achieving both success and failure. It was created and continues to be tracked because I find it interesting...........it's that simple!
Anonymous  - re: RE: Petulant |2010-09-07 11:27:15
"Does someone have a link for this? Or maybe can direct me some of the moore juicy parts?"

This what I was watching last night:

http://www.youtube.com/watch?v=wyu8RiWs9rQ
NV  - Our money again and Fannie |2010-09-07 11:43:18
http://finance.townhall.com/columnists/KenHarney/2010/09/03/fannies_path_to_owndership
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