These news items are hitting at times when indexes are at support levels (SOX covered by many posters more talented than me), many commodities and related stocks are in or near breakouts (CF, AEM, APA for which I have posted my TA). We also have a lot of financials at long term support (or collapsing through it).
I know it is rather unpopular here to talk about fundamentals but these things will influence the tape tomorrow. Keep an eye out for these:
Citigroup's rightdowns; any surprises here could shake up the financials.
Inflation numbers should influence expectations for rate cuts (affecting the $ and all commodities linked to it).
Government data on retail sales should tell us where the consumer stands (retail and consumer discretionary).
Headline risk
Started by
CHAx
, Jan 15 2008 12:08 AM
3 replies to this topic
#2
A-ha
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Posted 15 January 2008 - 12:28 AM
we sold off last month when PPI came in higher than expected... we now have an expectation for 0.50 basis cut which means there is less room for it...
if it comes higher again, it aint gonna be pretty in the morning ... SP down 6 already
#3
CHAx
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Posted 15 January 2008 - 12:42 AM
we sold off last month when PPI came in higher than expected... we now have an expectation for 0.50 basis cut which means there is less room for it...
if it comes higher again, it aint gonna be pretty in the morning ... SP down 6 already
I totally agree that a bad inflation number could crush this rally tomorrow, on the other hand if the numbers are tame we probably rally hard. I'm very open minded here, but I think we make some decisive move off tomorrow.
#4
CHAx
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- Traders-Talk User
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Member
Posted 15 January 2008 - 01:02 AM
These news items are hitting at times when indexes are at support levels (SOX covered by many posters more talented than me), many commodities and related stocks are in or near breakouts (CF, AEM, APA for which I have posted my TA). We also have a lot of financials at long term support (or collapsing through it).
I know it is rather unpopular here to talk about fundamentals but these things will influence the tape tomorrow. Keep an eye out for these:
Citigroup's rightdowns; any surprises here could shake up the financials.
Inflation numbers should influence expectations for rate cuts (affecting the $ and all commodities linked to it).
Government data on retail sales should tell us where the consumer stands (retail and consumer discretionary).
hrmmm writedowns. time for bed.
why can't I edit my post?
