I broke down today and added James River Coal Company (JRCC) to my portfolio. It is more of a “several days play”, so don’t assume I am recommending it. JRCC: -0.15 to $6.29 (-2.33%, -2.33% overall)–bought at $6.44 NNVC: 0.04 to $0.63 (6.78%, -18.18% overall)–bought at $0.77 OVERALL: +0.07%

After yesterday’s drop and then climb back, it becomes hard to say what the markets want to do. However, I will predict that if we get the “golden cross” (where the 50 day moving average crosses above the 200 day moving average) either today or tomorrow, be prepared to go long for awhile. Following are [...]

If any of you see any stories that I don’t have posted in my “daily notes”, or if you see a different Media take on the same story, feel free to add links in the comments. The only thing I would remind you is to only post one link in each comment (multiple links in [...]

This is too easy… NNVC: 0.00 to $0.59 (0.00%, -23.38% overall)–bought at $0.77 OVERALL: -0.02%

Today, it looks like we might finally get the correction for which I have been waiting. Index futures are pointing to around a 1% drop at the open in the S&P 500. Don’t be surprised if we fall as far as 1295 (the midrange on the Bollinger Bands), or 1292 (the high from October). On [...]

In the week ahead, the big economic reports will be the U.S. employment reports: WEDNESDAY: ADP Employment Change THURSDAY: Challenger Job Cuts FRIDAY: Nonfarm Payrolls and the Unemployment Rate Also, don’t forget we are at January month-end, as well as the start of February. Expect some odd market activity as fund managers get into and [...]

I will add my portfolio results sometime after the close, but for now…time for the open thread! For this weekend’s open thread, I offer my top 3 favorite cartoons from a website called “See Mike Draw“, which I highly recommend as the funniest cartoons since “The Far Side” ended. I will warn you, some of [...]

How low can we go today? While the 4th quarter GDP was lower than estimates, it wasn’t terrible by any stretch. But if you combine it with end of the month coming next week, and today is Friday (with negotiations over the Greek debt continuing today), and a big drop could be in the cards [...]

The big news today: 4th quarter U.S. GDP, which came in at +2.8%, which is a little lower than expectations of +3.1% (according to Bloomberg). Index futures have dropped a little since this was announced. This news, plus month-end approaching, on top of the fact it is Friday, mean this could be a bad day [...]

NNVC: -0.01 to $0.56 (-1.75%, -27.27% overall)–bought at $0.77 SPXU: 0.18 to $11.32 (1.62%, -11.15% overall)–bought at $12.74 OVERALL: +0.21%