Category: MS

A Glance At $MS

Despite terrible economic news and questionable business practices, Morgan Stanley continues to rise, remaining well above the 2008 lows.  The lack of volume on up days tells me there is little conviction amongst buyers, and that sellers are marking up prices, which will exhaust demand for the next leg down.  All the same, until MS…


Ouch

After losing ~4% of my equity in various long plays, I called it quits on Monday after the QQQQ’s breached 30.50 and went back into cash, the dollar (UUP) and some shorts. This market felt too heavy to rally, and time is working against it as GS and MS sag lower and lower, potentially sparking…