Discussion in 'Trading' started by eagle488, Dec 8, 2006.
Hang on to your hats folks. This is going to be good.
did you say futures are a "mess"???
I wanted the report to be weak and then the Fed would be forced to introduce liquidity into the economy. Now there is no chance for a rate-cut. In fact, I believe they will raise rates in the next 3 months. Last meeting, there was one guy who wanted rates to be raised and the talk was very hawkish.
The market is in need of a 10% pullback to the 50 week moving average. If that does not happen, then there is a greater risk of a larger correction later on.
I would rather have the market correct right now and the Fed introduce more liquidity. It will be too late if done later then sooner.
ES futures are up. Dollar is tanking.
I think oil will be back to $60 by year's end.
Im going to attempt to sell into the rally and be in 30-50% cash by the end of the year with the rest in large cap value.
Nasdaq futures turning down at this point.
If your over 30 and dont like to gamble, I say take the safe approach. The signs of a recession, an overbought market and a Fed that wants to get rid of liquidity cant be any clearer.
Safety is the best policy at this point.
I have a few speculative plays in small cap energy...
GO FUTURES $$$$
all international markets up across the board....
futures looking healthy as usual. FED meets on tuesday, there will be no change in rates. Also have earnings from BBY, COST, GS and LEH. Then CPI on Friday which should be another market mover. Possibility of new highs on the dow this week = 100%
nikkei was a monster tonight.
that thing is just an amazing trader. it can kick you on yer arse if you are not careful, but the moves are AMAZING
^AORD All Ordinaries 5,453.40 11:43PM ET Up 38.00 (0.70%) Components, Chart, More
^SSEC Shanghai Composite 2,130.23 10:30PM ET Up 36.59 (1.75%) Chart, More
^HSI Hang Seng 18,921.79 10:43PM ET Up 181.80 (0.97%) Components, Chart, More
^BSESN BSE 30 13,648.21 11:43PM ET Down 151.28 (1.10%) Chart, More
^JKSE Jakarta Composite 1,768.76 11:43PM ET Down 6.53 (0.37%) Components, Chart, More
^KLSE KLSE Composite 1,100.08 11:32PM ET Up 1.49 (0.14%) Components, Chart, More
^N225 Nikkei 225 16,579.61 11:23PM ET Up 161.79 (0.99%) Chart, More
^NZ50 NZSE 50 3,887.35 11:33PM ET Down 1.37 (0.04%) Components, Chart, More
^STI Straits Times 2,902.80 11:30PM ET Up 37.66 (1.31%) Components, Chart, More
^KS11 Seoul Composite 1,393.98 11:43PM ET Up 3.55 (0.26%) Components, Chart, More
^TWII Taiwan Weighted 7,613.41 11:43PM ET Down 22.89 (0.30%) Components, Chart, More
Separate names with a comma.