I'll be travelling around the Southwestern states over the next few weeks, with Phoenix and Laguna Beach the only stops for certain so far. My travelling companions will be a teenage daughter, or two, and one of their friends. I'll have two notebooks with me (my Powerbook and my new ulta-slim Sony Vaio), so business should be as usual, trading until 1:00pm PDT, then waking up the girls to go exploring. As time permits, I'll throw up some trading ideas, see what sticks.
On the guru front, Harry Dent says buy this market, its up to the stratosphere from here. Jim Dines is still on a short-term Buy signal from about a week ago. Jim Cramer continues to churn out about a dozen blogs a day, about 1/3 of which are bearish, 1/3 are bullish, and 1/3 seem to be both bearish and bullish. He both likes and dislikes the oils, precious metals, technology and retail. He thinks most investors are confused, but he's been through markets like this before, that's why he's so bearish, and bullish.
Someone asked me in a Comment to a previous blog what effect this market is having on my daytrading. My answer is that my core daytrading system has performed in line with it's equity curve, just chugging along upon it's upward trajectory, seemingly unaware of this dank market. My Buy & Hold stuff is sucking, but this too shall pass.
Meanwhile, lets not forget bird flu is lurking in the wings (literally) and still represents a potential move from doldrums to froth over the course of a multi-month frenzy. One of these days it will begin in earnest and we need to be ready with a basket of ideas that we want to turn into a private jet or second home at the beach, both of which could come in handy in the chaotic conditions of a pandemic.
An hour to go in Tuesday's trading. Looks like Cramer is right.