Sadly, I don’t have the overall today, because of a technical glitch trying to login to my IB account. However, I do have the results for my holdings, which weren’t too bad: BAC: -0.19 to $7.11 (-2.60%, -10.57% overall)–bought at $7.95 CBRL: 0.31 to $58.05 (0.54%, 5.53% overall)–bought at $55.01 NNVC: 0.12 to $0.76 (18.75%, [...]

I have to give Jeff some major kudos here. Yesterday, he bought NanoViricides (NNVC) for $0.65. Today, he sold it for $0.74, a whopping 13.8% return in one day! Top that!

Index futures have been moving upwards this morning, even before we got a good Industrial Production report. The futures movement has coincided with a nice movement upwards by the euro against the dollar. As for the levels to watch on the S&P 500: UPSIDE: 1338 (Monday’s close), 1344 (yesterday’s high), and 1356 (10 day moving [...]

MSNBC: Greeks withdraw $894 million in a day: Is this beginning of a run on banks? http://worldnews.msnbc.msn.com/_news/2012/05/16/11729795-greeks-withdraw-894-million-in-a-day-is-this-beginning-of-a-run-on-banks?lite When in doubt, your best information comes from people who are at the scene. In the case of Greece, I would say to expect the worst: Political leaders in Athens were due to discuss an emergency government Wednesday [...]

I beat the indexes again today, and only lost a smidgen… BAC: -0.05 to $7.30 (-0.68%, -8.18% overall)–bought at $7.95 CBRL: 0.65 to $57.74 (1.14%, 4.96% overall)–bought at $55.01 NNVC: -0.06 to $0.64 (-8.57%, -11.11% overall)–bought at $0.72 ORB: -0.26 to $11.81 (-2.15%, -9.08% overall)–bought at $12.99 SLRC: 0.01 to $21.63 (0.05%, -6.36% overall)–bought at [...]

There is a lot of Media speculation today about Germany’s “strong” GDP report, which was an increase of 0.5%. The entire euro region showed GDP unchanged for the quarter. Call me a pessimist, but I fail to see this as good news. Even if the Germans were willing, which they aren’t, Germany won’t be carrying [...]

We get 3 good U.S. economic reports today (with consensus estimates from Bloomberg below): 1. Consumer Price Index for April: 0.0% consensus estimate, after a 0.3% increase in March. 2. Retail Sales for April: 0.1% consensus estimate, after a 0.8% increase in March. 3. Business Inventories for March: 0.4% consensus estimate, after a 0.6% increase [...]

I beat the indexes again, but it was still ugly… BAC: -0.20 to $7.35 (-2.65%, -7.55% overall)–bought at $7.95 CBRL: -1.13 to $57.09 (-1.94%, 3.78% overall)–bought at $55.01 NNVC: 0.03 to $0.70 (4.48%, -2.78% overall)–bought at $0.72 ORB: 0.00 to $12.07 (0.00%, -7.08% overall)–bought at $12.99 SLRC: -0.30 to $21.62 (-1.37%, -6.41% overall)–bought at $23.10 [...]

Even though I won’t be daytrading this week (I am getting my cash position ready for Friday’s Facebook jamboree), I am still following the markets. And they aren’t pretty today. The dollar is strong against the euro this morning, as the index futures are pointing to a sub-1340 opening on the S&P 500. While we [...]

Aside from Greece, we have plenty of U.S. economic reports due this week: TUESDAY: April’s Consumer Price Index and April’s Retail Sales WEDNESDAY: The Federal Reserve’s Open Market Committee meeting minutes from April 25th THURSDAY: Weekly Unemployment Claims Of course, Friday is when Facebook starts trading, so nothing else will be happening in the world [...]