Wednesday, November 25, 2009

Fowl Tape?

Not to be outdone by the Hot options babe, TTW has its own version of a Hot Chick! Yeah, that's right! :-) May I present Miss Butterball.

Well... as we all sit here wondering what's going to happen next, I thought it might be a good time to review our volatility charts now that the fear factor seems to be missing in action completely. I like that! No fear, eh? Also noted is this lousy volume issue pre-holiday, but to not expect that is to think there is a Santa Claus too. I am not convinced we wouldn't have seen an anticipated pullback had we had normal volume, so it might be Monday before we see anything moving beyond a tight range. In any event, I would be more than happy to be surprised going into the close today and be told I was way off base. Surprise me, market, will you?

Also, of note... GS, my personal favorite Turkey is trading below support so far, maybe there is a Santa Claus afterall.

If I don't say it enough, I really mean it when I say thank you everybody for every single contribution you make each day. These are the times that try men's (and women's) souls, who have half a brain and can see through the smoke and mirrors. While we have 43% of food stamp recipients employed, absolute nonsensical cherry-picked economic data coming at us every day, we keep hanging in here doing our trading thing. So... kudos to all of us! I am thankful for this blog and for all of my trading buddies this Thanksgiving, I adore all of you more than words can say. Have a safe and restful holiday, and a virtual toast to us all! I may or may not be trading on Friday with you, as I'll be in a DC overdosing on tryptophan induced meals, but I'll try to sneak off to a corner with my laptop and check in. ~Keirsten P.S. for you turkey warriors, observe the video below, and don't try this at home!

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