Last week, the market was able to keep the key support SPY 115 and its greater it inched. Solid earnings Intel, JP Morgan Chase and Google helped auto it.
Economic news this week is pretty light. industrial production, housing starts, Beige-Book of the original claims LEI and Philly Fed published. These have been in the market moving events and the focus is clearly on earnings.
This morning Citigroup posted better than expected results. Position 1%, and it has given a positive tone of the market.Financial stocks are trading near their area of the low end. They, it is possible to come as an unpleasant surprise on the upside, but an intimidating issues such as economic reform bill of material (BOM), high unemployment and mortgage moratorium will retain these stocks on deck. Profits are low trading volumes, and investment banking, lull downwards. This afternoon, the Zion's release and before tomorrow's open, Bank of America and Goldman Sachs posts the results.
If these markets in order to challenge the high tech stocks of the year, need not lead to a rally. Last week, the QQQQ was 4%. At the end of the Apple, IBM and VMWare Announces earnings.I am waiting for good results, but I don't know if there is still room for stocks to all three see strong until the trends and investors tempted to take profits. The reaction of the market is very Anna. If me higher, SPY challenged year high. If we can bring back to the market is ready, you should test your SPY 115-support.
Today you can see in the chart, the VIX has started to climb. [1] [2] this is unusual, when the market is the uptrend. It tells me that investors are nervous and they buy puts protection. Speculators can also taking short positions. But are not limited to the implied volatiliteetteja Setting interest rates at still low levels, and this is a major concern. The symbol can be simply.
As long as the SPY has more than 115, I will stay long. I started taking profits and I will be all my calls to the next two weeks. After the November elections to gather around, I will be flat. The Republican gains in the market to rally, but I believe that the News is already priced. The strongest companies announce in the early part of the earnings cycle and stocks are trading at less than the period of the first tended a few weeks.Year over year comparisons is more stringent than the win, since the economic recovery was well underway a year ago. of economic numbers are not encouraging, and do not constitute the pillars of strength. Quantitative easing to mitigate the impact of this market is also priced. Traders understand that is a little more efficient, and it pushes our country continue to be part of a debt. If our problems could be solved by printing money, why don't we do it in the past?More importantly, why should all of us work?Suppose only prints the money!
I was looking for a reduction in and I was wrong for the month of September.Market skyrocketed and was sold with my short positions at a loss.Fortunately, recognized that a major reversal of an impairment loss was running and I had the opportunity to get long.(I) more than cover my losses and I would like to lock-in my profits. I learned over the last 20 years, when the market gives you a second chance to pass – take it stocks has been carried out, with 14% of the week, the case should not be greedy.
I do not think we will see a major meltdown this year, the growth of the people's Republic of China. [1] [2] is intact and credit concerns in Europe has subsided. [1] [2] in the value of the stocks, the attractive and I think the definition of significant opportunity to purchase your troops represents, taking profits and. start scaled ran out of ascending positions. where the aid is fixed, you can get back to the better prices.
Today, the greater the market wants every inch of the desired to see incorporated into the closure. [1] [2] Bell strength. income from overnight reaction is very Anna and we know if it is time to Stop an ascending positions aggressively or if we ran out of milk in some more profit in the second of our longs to leave her for two weeks.
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