Tuesday Evening Thread

Tuesday Afternoon Thread

The children's game is called "Fruit Basket Turnover" - a version of musical chairs. According to wikipedia: The players are divided into equal-sized groups, with each group having the name of a fruit. A circle is formed with a number of chairs equal to one less than the number of players. One player will be left without a chair, and will stand in the center of the circle.

The player standing in the center calls out one of the fruit names. When this happens, all players in that group must stand up from their seats and move to another seat in the circle. The player in the centre must attempt to take one of the free seats while the other players are moving.

Instead of stating a fruit name, the player in the centre may call "Fruit Basket Turnover!", in which case everybody must move to a different seat.

Today we have stocks like LVS, BWLD and SBUX which have held up well in the past week, selling off, while the rest of the market is enjoying a breather from the selling. Fruit Basket Turnover. The children's version is more fun.

Tuesday Morning Thread

Gator's Chart of the Day: JBHT

I looked at over 200 charts Monday night and this was the most attractive (from a long perspective) one I found.  They just reported good earnings with a beat on both top and bottom so that is not a near term concern.  Volume has been above the 50 day average both before and after earnings but today's bar is a little shorter than Friday's.

I think the better entry is on a pull back to the 20 day sma but if you just have to buy something a small position in JBHT should be OK.  Just keep a stop under the previous day's low in case buyers have got all they want for now.

Remember, cash is a position too.  Right now it might be the best one.