Nightime in Memphis

I arrived at my hotel - Courtyard by Marriott - earlier this afternoon and was pleased. Everyone had been talking all day about all these crazy thunderstorms and showers we were sure to get this evening so I decided not to venture down to Beal Street. Colleen said I wasn’t missing much anyway. I decided to eat [...]

VIX and BKX Update

Since this week could be setting up for major differences in the high and low of the VIX and BKX, I am going to continually update the progress at the end of each day.
VIX weekly difference in high and low: 10.02
BKX weekly difference in high and low: 8.09
We are looking for:
VIX weekly difference in high [...]

Broadbased Market Rally

Even before the Fed cut the rate by 75 basis points today, the market was rallying. After the announcement, we saw a little selling. But the bulls are back and taking this thing higher. I am looking at the 100 or so stocks I look at on a daily basis and I am shocked how [...]

Memphis

Well, I arrived in Memphis about 20 minutes ago. Pretty short drive from Little Rock, AR. It was so windy. I was being blown all over the road. So many 18 wheelers travel that stretch of Interstate 40. Wow! I don’t think I have ever seen such a concentration of rigs.
My first thought as I [...]

Diversify…Please!

I talk to people all the time who work for big corporations and when I ask how they are invested in their 401(k), they seem to always say they have mutual funds. Yes, those are great. I then ask about any other accounts they have and what is in them. Too often I get, “Well [...]

Gasoline Cracks Trade Negative

So I just recently bought into an ETF with the ticker UNG. This is my first go-round at trading anything to do with futures. The fund primarily invests in oil and natural gas and other petroleum based futures contracts. I have been looking for an entry point to get in because all of my research [...]