Not so Pretty #SassyMusings 7/17/14

  • In the scheme of things what the market did today really isn’t bad. We are still near all time highs; however, if you are holding call options it seems really bad.
  • I definitely got hurt today. Luckily I have for the most part stayed very light (mentioned over the weekend and the last two weeks) Choppy action is not a place to go all in.
  • There were so many negative 1000 ticks today I lost count.
  • I stil don’t see any reason to get heavy as I don’t know if this dip will be bought and when.
  • There are a lot of catalysts with earnings and many of the big ones come out next week (NFLX, AAPL, FB to name a few), but even good earnings sometimes can’t save a market.
  • Got to hand it to GS today for really hanging tough.
  • Sad that MSFT let so many people go. Sad news for those employees and their families.
  • For all that lost their lives in that plane crash, I wish their families well. What a tragedy.
  • Whether you had a bad trading day or week etc, be thankful for what you do have.
  • Chart of the day: This is where it closed. Screen Shot 2014-07-17 at 4.01.39 PM
  • Tweet of the day: I don’t really feel like posting something funny right now.
  • Regret of the day: Not being even more on the sidelines then I already have been.
  • Looking forward to OPEX being over.

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