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Waiting For The Big Fade
Posted on 02/28/2007 07:29 AM | Link | Post Comment
You know how distrustful I am of up openings in the market. So this morning, when I saw the futures pointing to a positive open for the market, my first thought was that it wouldn't hold.
The market may get a bounce at the open, but I would not buy into it. I think it will fade, and we will begin to move lower by mid morning.
China's market stabilized last night, although the other major Asian markets were weak, and some of the emerging markets got crushed again.
4Q GDP was revised lower to +2.2% this morning, which was pretty much expected. Nonetheless, bond yields are rising, with the 10-year up to 4.54%. This is a good sign, as it signals strength in the market.
Be careful out there--
The market may get a bounce at the open, but I would not buy into it. I think it will fade, and we will begin to move lower by mid morning.
China's market stabilized last night, although the other major Asian markets were weak, and some of the emerging markets got crushed again.
4Q GDP was revised lower to +2.2% this morning, which was pretty much expected. Nonetheless, bond yields are rising, with the 10-year up to 4.54%. This is a good sign, as it signals strength in the market.
Be careful out there--
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
- The Week Ahead
- A Mostly Flat Open
- Midday Check
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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