Sunday, November 01, 2009

Sunday Night Huddle

Good Sunday Evening to one and all, it’s time again to prep for the trading week ahead. I hope everyone had an excellent weekend and you’re rested both physically and mentally to tackle your trading plans. I’m going to post a few select charts in the main portion tonight, along with a set of links for Momo traders and watch lists in the comment section with all of you. I have also updated my graph on ICI data to show money is still flowing out of U.S. Equities as of the Oct. 21st report, and will do my best to keep that graph up to date in the weeks ahead. Follow the money, as they say, and as of the current data, it seems to be pulling an Elvis. I have not heard from our DDT yet, so I can’t share any updates on that front, but I know we’ll do him proud this week in the interim, and please continue to keep him in your thoughts, as well as Squiddy. It’s never the same around here without either of them. If the comments get a little crazy during the day and my comment cleaners bite, please bear with me, as I plan to trade like Lucy Ricardo on the chocolate dipping conveyor belt. So with that, fellow traders… see you all below with more trading ideas, and let’s roll! ~Keirsten


Quick note and speaking of transportation: take a quick look at $BDI when you have a minute, because it does look bullish.


You may be thinking.. why is she putting QCOM up here… well, QCOM has earnings on Wednesday and currently holds 6.33% of the Qs, so it’s one we need to track right up until those earnings, IMO. QCOM also has a very interesting pattern/price action going on, so even for swing traders, this is worth a watch, earnings or not.

Long-term Mutual Fund Flows into U.S. Equities

Last but not least… a quick look at indicators and the potential failure of using indicators to call something overbought/oversold

On the Economic Calendar for Monday: Motor Vehicle Sales (still checking on a time for that,) 10 AM: ISM Mfg Index, Construction Spending and Pending Home Sales. Don’t forget: FOMC Meeting begins Tuesday and will end Wednesday (Ode to Joy)

Link to Earnings Calendar

blog comments OCCASIONALLY powered by Disqus