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January 27, 2010 – Obama gives State of the Union address, Federal Reserve shows a more optimistic outlook, is the 4-day down trend about to reverse?
Published on 2010-01-28 04:32:00
So the Fed decided to leave rates a-is, and the statement was more optimistic and positive than the last one, although still cautious. Good news and Asian and European shares are up, so US will likely follow Thursday, and lead to the predicted rally on Thursday, Friday and Possibly Monday and Tuesday, at which point seasonalities suggest there will be another dive until mid-February.My TNA position gained back some 2.78%, and LBJ although down 1.9% during the day has shown a solid upward trend s
The Descend Continues – January 26, 2010
Published on 2010-01-27 04:34:00
The Russell 2k drop that started last Thursday continued today, and is most likely to continue tomorrow when Obama gives the state of the union address. One item that is expected to help is FOMC meetings conclusion to (hopefully) keep the rates down, but god knows what they will say…every word will be analyzed. If Obama is heavy on bank regulation market will likely take another dive the following day, meaning that the expected end-of-january rally will have no steam and gains if any will me m
Look At The Upcoming Week of Monday January 25,2010 and New Forecasting Developments
Published on 2010-01-25 02:28:00
Although things are looking rather grim a the moment, last weeks slide will likely slow down around wednesday and thursday and friday should both show strong recovery. As should monday. This prediction is based exclusively on info from Stock Traders Almanac 2010. MACD also looks like it should start swinging back up in 7-8 days from the start fo the drop, which will place it right around the end of the upcoming week. So, I'd say if decline stops Tuesday and Wednesday, I will buy u
