Wednesday, March 31, 2010

State of the Market - 3/31/10

Short commentary today because the trend of this week continued today - slow, low volume trading with not a whole lot happening in individual stocks.   A quick look through my scans shows very few large moves up or down, and the market did hold support today, so it is entirely possible that the markets are finally just resting here, which longer-term would be very beneficial.   There was some selling today but I didn't see any damage to the indices.  Volume looks lower and will likely be lower tomorrow too due to the four-day week. 

I think I am going to take a few days off so don't expect a commentary tomorrow - there likely won't be anything meaningful to write about anyway.   There is one particular stock that releases earnings tomorrow that I will be watching, but that is really it.  I'll be back at some time this weekend with a video, but I look forward to enjoy my break from work and spending time outside, as it is supposed to be a beautiful Easter weekend here in western Pennsylvania.   I hope you all have a blessed Easter holiday and we'll see you back here in a few days.   Take care.


TraderM said...

Your blog is really starting to suck man. I use to come here for some actual trading commentary or market insight. But honestly most of your posts sounds like constant whining. I'll be frequenting this place a tad less.

Mac said...

Thanks Trader M for your insightful comments. I really appreciate them. Out of curiosity I checked out your "blog". Wow, I was blown away. That one post must have been really, really hard but I'll be honest with you - it looks great. Your persistence and discipline is admirable and something I long for. I mean, two posts back to back - that must have been tough to maintain. I am glad you stuck with it - I'm sure it's just a matter of time before you're mentioned with the elites of blogging.

If I may end this comment with one suggestion - if you don't like the blog, don't read it. I am always amazed that people have no problem criticizing a free voluntary service that they have a choice over as to if they read it or not. Do you get a kick out of it? Does it make you feel special?

I don't charge anything for this and am completely honest with my trades and what I write. If you don't like it, oh well. Seriously, find something else to read. I won't miss you. Or better yet, work on your blog. Jerk.

Jason said...

Keep up the good work Mac. I follow it daily and find it more insightful than other well known blogs, its actually the first place I go to after I do my own analysis.

Adam said...

Mac, I couldn't believe someone will leave such a comment. Its TraderM the one that sucks not your blog!

For real though, doesn't he have anything better to do? But you are right, who needs people who don't appreciate the effort you put into your blog.

And ya, better luck trading next week buddy :)

Mac said...

Jason - thanks - I appreciate the kind words. I don't know how insightful I am a lot of the time but I do my best.

Adam - likewise, thanks, but some people are idiots - that's really all you can say about the dude. Good luck next week as well.