Snow White does the Hulk - will she feel dirty in the morning?

NEW YORK/LOS ANGELES (Reuters) – Walt Disney Co on Monday agreed to buy Marvel Entertainment Inc for $4 billion in the biggest media deal of the year, banking on Marvel's roster of superheroes to broaden its lineup of movie franchises that appeal to boys.

And I am sure Stan Lee wont get a dime out of this except maybe some cameos in the upcoming onslaught of films. Not to mention the porn business is running amok with this idea.

Well it looked like we might cave today but the buy button got hit 2 minutes before the close and we ended up back at 1020 on the S&P. My pick for tomorrow is long GG @ 36.64 God Luck.

Cha Ching

We got the pop at the open I hoped for and we are cashing out of our silver SLV for a nice profit @ 14.60 Could this bee the blow off top! I hope so the PPTs arms must be tired from holding this thing up so long. See ya at the close. Good Luck!

McCartney's new reality show "Dating my Daughter"

Some guys have all the luck (cash). I'm sure she loves (cash) him. "Yesterday, all the wack jobs seemed so far away. Now it looks as if its shes here to stay. Oh I believe in pay for play!"

Another day in the channel. Down in the mornin up after lunch. SLV got filled so lets hope for a pop tomorrow. Good Luck.

Here Kitty Kitty

(Daily Mail UK) Former Friends star Cox enters the shot with a huge smirk on her face in the sultry scenes from Cougar Town, which airs in the States next month.

Makes you just want to pour milk all over yourself don't it. Glad to see the highbrow intellectuals are still running the studios in LA.

I'm feeling sideways lately and so is the market. The interesting thing is we got some more good housing data today but other than a small short lived woody the market stayed limp all day to close flat for the day. Cant wait to see what the rest of the week brings. Our pick today did not even come close to filling so tomorrows pick is SLV long @ 14.08 Good Luck.

Mystery eBayer pays millions to sleep with Marlyn Monroe

LOS ANGELES (Reuters) – An American widow sold her husband's burial crypt directly on top of film legend Marilyn Monroe's final resting place for $4.6 million on Monday, through online auctioneer eBay Inc.

Which proves my theory that men will pay anything to get into some women's crypts.

An interesting day today, Ben dodges his pink slip, housing prices rise (Not in my neighborhood), unemployment is 10% for the near future (official government number so double it), and the national debt will triple to 9 trillion dollar over the next decade! And the market didn't rally! OMG where is the PPT! Tonight's exercise repack and check your chutes in case they are needed tomorrow. I have one setup long FXA @ 84.41 Good Luck.

Oohrah!

Its nice to see that there are still a few folks out there with some stones on them. Watch the video;

http://www.youtube.com/watch?v=_rRE5UK6NQU

Could this finally be the top? New trade setups are forming all over the place. Stay tuned!

Get My Waders This S**ts Gettin Deep

(Marketwatch) In a speech at the Kansas City Fed's annual retreat in Jackson Hole, Wyo., Bernanke summarized a hellish year and explained modestly how he and his central bank colleagues saved the world from a bigger disaster.

Does the world just seem to have an endless supply of men with giant egos and micro willies? Didn't you guys create this mess in the first place or is that an "Inconvenient Truth"?

We rise once again in the first few minutes to towering heights yet again because Ben and his buddies "Saved the World"! Sorry no new setups so I'm just sitting here waiting for this gasbag to burst.

Dirty Jobs

(Telegraph.UK) At the first Marine Corps Energy Summit in a Washington hotel yesterday, General James Conway, the Corps Commandant, said he was sending energy experts by the end of the month to carry out the first Marine energy audit. Despite their reputation as rugged warriors, the Marines use air conditioners to keep tents cool and the Pentagon is keen to reduce such extravagance in war time.

I want to see a picture of the tard the global warming dorks send to tell these guys to turn off the AC in Iraq! Or whats left of him.

Today we rose right out of the gates and settled right at 1003ish (S&P) on news that unemployment is a lagging indicator and oh so 2008! Can't you folks see this is the beginning of the new bull market, foreclosures are rising, earnings are falling, jobs are disappearing and pandemics are looming. Its the new economy you know! No new setups just boring sideways action again. See ya tomorrow.

The agony of defeat!

We got filled at the open and stopped out for a loss on this pre-lunch surge. Heaven forbid the PPT let this market sink for more than a day the sheep might not believe their recovery stories!

I want to be your baby!

OTTAWA/LOS ANGELES (Reuters) – Celine Dion is pregnant with her second child after undergoing fertility treatment at a clinic in New York, her spokeswoman said on Tuesday. She is one of the world's top selling female singers and last year earned more than $235 million from her first world tour in eight years, according to trade publication Pollstar.

Do you think I could bribe the nurses to switch me in at birth?

Today we recovered slightly into a nice consolidation pattern which produced oodles of setups. Tomorrows pick is long TZA @ 16.82 Good Luck!

Who's hand is in your wallet!

NEW YORK (Reuters) – U.S. authorities announced what they believed to be the largest hacking and identity theft case ever prosecuted on Monday in a scheme in which more than 130 million credit and debit card numbers were stolen.

This topic makes my wife coo coos to the point where she switches apps while typing in passwords because someone told her that keeps the key logger programs from registering he actions. I am definitely in the wrong business.

Anyway we finally got a decisive break down in the market today on news that Japans recovery is not going well? Who thinks of this crap? Do they all get together in a room and say today we go up/down because Maria Bartiromo looks hot/not etc etc? So the strategy is to stay in a holding pattern now and wait for some playable setups to emerge. Should be any moment now I will keep you posted. Good Luck.

Out of the Doghouse!

Michael Vick joins Eagles

Nothing that happened on the field - not even the return of three-time Super Bowl winner Tom Brady - could trump the shocking news last night that quarterback Michael Vick had signed with the Eagles.

Boy are my six dogs mad. Its OK though because I bought extra copies of the Philly Inquirer so they will get "even" every time they relieve themselves.

I'm watching the low volume float back to 1000 on the S&P again and still no decisive trend. No picks for Monday so its Miller time!

The Sounds of Silence

LOS ANGELES (Reuters) – Legendary guitarist and inventor Les Paul, who pioneered designs of electric guitars, has died of complications from pneumonia at a New York hospital, his lawyer said on Thursday. He was 94.

What can I say, this man is a legend and has had such an influence on the youth and music of my generation. Almost every guitar hero has played a Les Paul Custom like mine pictured here. No other guitar sounds quite like it. We will miss you my friend but your memory will live on forever in the music you helped everyone make.

I'm still sitting on the sidelines waiting for a decisive move up or down in this market. See you tomorrow.

New Presidential Finance Advisor

CANBERRA (Reuters) – An Australian website is giving texting an intergalactic touch and allowing users to send short mobile phone-type messages into space.

From Wednesday and until August 24, people hankering for an out-of-this-world experience can visit www.HelloFromEarth.net to post messages no longer than 160 characters that will be transmitted to Gliese 581d, the nearest Earth-like planet outside the solar system likely to support life.

Well that clears up where ol Barack is getting some of these way out there stimulus ideas. I wonder how much more that feature would add to my cell bill?

We had blast off right from the get-go this morning with a 100 point Dow jump on news like "Macy's meets earnings target, profits down 90%" Yikes! I guess nothing can knock this baby down now if B.O. wants it up.

Sorry no new setups for tomorrow. Good Luck

It must be over the fat guy sings

NEW YORK (Reuters) – The U.S. economy has hit bottom and the current quarter will see positive growth due to the government's stimulus spending, billionaire financier George Soros said on Tuesday.

Ok all you little peeps go charge, charge , charge! Somebody get me a cannoli!

Is this the corner or just another head fake? We will have to wait and see. No new setups, see ya tomorrow.

Heart.com

NEW YORK (Reuters) - After relying on a pacemaker for 20 years, Carol Kasyjanski has become the first American recipient of a wireless pacemaker that allows her doctor to monitor her health from afar -- over the Internet

What will they think of next! My mind runs wild thinking of all the different body parts the general public would make available for remote monitoring via the Internet! Mostly below the navel is my guess.

There were a few setups but everything feels very toppy so I'm not going to recommend anything for tomorrow. The PPT buy programs kicked in exactly on schedule 9 minutes before the close to finish out the day right where we started. Must keep the peeps quiet and docile, the recession will be over any minute now. Later!

Ka Ching!

Yikes I almost forgot we got filled today and I bailed right at the close for a handsome profit Woo Hoo!

Searching for the tallest midget

(NYT) There are clear signs that world economy is turning up, or at least not sinking further, but today’s jobs report is not a bright spot. The unemployment rate went down, from 9.5 percent to 9.4 percent, but that is statistically unimportant given the sampling error in the household survey. In any case, it fell not because more people said they had jobs — employment was down in that survey — but because fewer people were still looking for work.

The spin in the media make me nauseous. They twist and turn data to make crap look like cupcakes. Any human with at least 3 braincells left need only walk around their town to be able to tell that there are still a ton of folks out of work. I have folks sleeping in the park in my town and I live in the suburbs. And I read an interesting article at Zero Hedge that claims the Fed is pumping TARP money through its international banking buddies back into the stock market to give us this phony baloney rally so all the retail chumps buy back in to allow the banks to cash out of their crap leverage deals at which time they will pull the rug out and ... well you know the rest of the story. Crazy but it makes logical sense.

Anyway we went way up into the Romulan galaxy in today's market move and I am having a hard time breathing. I guess you can buy a butt load of stocks for 2 Trillion bucks. No picks for Monday so relax over the weekend and go out and buy some more ammo, you can never have enough! Todays post title credit goes to a regular reader, R.N. you know who you are.Good Luck.

Bubba's N Korean Massage Parlor Trip Finishes With Happy Ending

(Reuters) – Two American journalists freed by North Korea tearfully reunited with their families in the United States on Wednesday while the Obama administration tried to squelch talk of a breakthrough in Washington's ties with Pyongyang. The release was secured by former President Bill Clinton in a meeting on Tuesday with reclusive leader Kim Jong-il, the first high-level U.S. contact with North Korea in nearly a decade.

Oh to be a fly on the wall for that meeting. Clinton "You owe me Kimmy I smuggled all that nuclear technology in to your country during my term, you know how much I love Asian women!" Kim "OK but leave me that box of Crispy Creams"

Yet another day floating around 1000 on the S&P soon the winds of change will blow. Tomorrows pick long IYT @ 66.41 Good Luck.

At Ease Twitts!

(Reuters) -The Pentagon has ordered a review of its use of social networking sites such as Twitter and Facebook, citing concerns that security could be compromised, officials said on Tuesday.

Apparently Bin Laden is a voracious tweeter and must be stopped! He posts disturbing tweets like, "I'm in my cave right now" and "I found another spider in my beard". God help us!

Well another day of gravity defying action. Thats 18 days and over 50% up since March. That has not happened ever since 1930,( the last time the economy sucked this bad). Conspiracy theories are running rampant. Me I'm running to the liquor cabinet since there are no new setups for tomorrow. Good luck.

Dumb without Dumber?

LOS ANGELES (Reuters) – Kara DioGuardi, who made her debut this year as the fourth judge on No. 1-rated TV singing show "American Idol," will return to the panel for the upcoming ninth season, producers said on Monday.

But the fate of Paula Abdul, who has been on the show's judging panel since its inception in 2002, is still up in the air with only a few days to go before auditions begin for the new season.

Oh yea I have something to live for now, I get my weekly fix of Kara's Dumbo sized ears and pithy comments about forgetful karaoke singers! But what about Paula? Will she hold out for the last possible moment to agree to a contract or was this the plan all along? People want to know!

We spent the day hovering around S&P 1000 all day. Sixteen days and 140 S&P points with no significant pullbacks wow! This has certainly got the technical analysts in a tizzy, I can see smoke coming out of the EW nerds heads as they recalculate their ABCs every night!

No good setups right now see ya tomorrow.