Fridays always seem to be bearish. – Week summary
It seems to me Fridays are always bearish or at least a great percentage. Every call option I’ve ever bought seems to drop on Friday. I believe I was even hinted from my mentor that Fridays stocks seem to fall after a week of traded on weakness and tiredness in the market place. I expected the market to continue falling after a small rally buying session after Feb 27’s predicted sell off. Fed Bernanke keeps trying to make investors stay optimistic about the economy’s neutral position and still solid fundamentals, but investors seem pretty gloomy. I’m gloomy, but today reading some old materials on the stock market I realized something significant which is that we are in “warnings season” when profits are lowered and companies warn about lower earnings. So I should be embracing this not being gloomy. I’m trading the wrong positions currently and that is probably why my portfolio is taking a beating. I’ve been very bad is the past 15 days I planned to pay off my car I instead traded all my money again.
“All aboard I’m all in” – for some reason I think like this and its getting to risky for my financial goals and health status.
I just recently purchased my first customized 6’6″ Classic 1970’s Fish surfboard. I’m going to have an awesome graphics design on the board with ironically my golden stock rules I keep forgetting or ignorning on the front so they are looking right at me while waiting for waves, and on the back I’m going to have a rising sun picture (like Japan’s rising sun flag) with the artwork called “rising sun” which is a male with wings stretched out taking off for hope on top of the rising sun image. Next to the male (possibly with a cartoonish image of my face) will be a mean bull on the left and a scared bear on the right. Under the drawing it will say “bull vs bear”.
This will be my stock market surfboard to remind me everytime I go surfing that I need to follow these rules to control the bulls and bears to be a master of the market. This might sound kind of nerdy and not very surfing imagery like, but surfing is a great time for quietness and memorization. The more I read those rules sitting out in the ocean the more I should live by them. I will post a picture of my board when its done.
Right now the market is shakey. This big sell off should spark a upwards rally, but we could be in for an extended decline. I think Apple Inc. in May starting to sell iPhone units will be a big help in pushing tech stocks like Apple higher, including Sony’s PS3 being a hot product with blue ray, Research and Motion’s phones, and Nintendo’s Wii performing and selling so well.
Speaking of “blue ray” this is definitely something to lookout for. I’m going to start researching companying manufacturing it and selling it because it will be the new HD picture formating tool of the future. Instead of DVD players you’ll start seeing Blue Ray players to show true HD picture which is now needed if you want to watch true HD movies/shows.