Very Scary Stuff

Floyd grew bored with the market by 2.11 p.m, during which time the market had only moved 40 points in the day.

No entry was made to our new recommendation to the call, but we remain open to purchase this signal. Same rules, different day.


Remember, a key rule of Floydian trading,and of life,is to question authority:

http://abcnews.go.com/Technology/fbi-backdoor-access-mail-texts/story?id=11825039

We believe this is NEWS, not Christine, not Sarah,and not whether Obama is a Muslim.

Very scary stuff.


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FED minutes will likely (duh) express continued concern about the economy and will include more policy option discussions. This could create volatility in the market.

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We will spend a few moments this week with REAL facts, none that you are hearing being paid for, or news-byted:
*The USD has hit fresh lows against several currencies
*Apple is making a version of its iphone for use by Verizon. It may well take the stock above $300.00. Our Blue Chip Option service reports on new positions in Apple this week
*Not only did the Dow top 11,000 last Friday, but Global stock markets also rallied.
*The Treasury may have to take unprecedented steps to prevent U.S. workers from seeing big tax increases in the new year, as congressional delays hold back the setting of withholding tables.
Smart traders already distrust this, knowing it is the "holding of a vote" to make things look worse.
*Intel reports earnings today, as do many other tech companies, again noting that volatility may increase.