Wednesday, October 13, 2010

Get With the Program

Happy Days are here again! That wasn't exactly the Whipsaw Wednesday we probably wanted to see, but the ending wasn't too shabby either. So... I was trying all afternoon to do a video with Jing, but the sound recorder isn't cooperating with me (yet) so once again I'll just type out some thoughts.

As was mentioned by Doc early this morning, the horse to watch was XLF, and although it made a few feeble attempts to crack 15, it just couldn't make it out of the gate. We have more banks reporting in the next few days though, so who's to know if they can yank it up there kicking and screaming. This is OPEX week, after all, and we’re just two trading days away. So with that, here are a few details you might want to be aware of for the next two trading days, and instead of putting up the same tired charts tonight, I have a handful of sector charts instead.

Thursday: PPI, Jobless Claims at 8:30. Nat Gas at 10:30, followed by Crude Inventory at 11:00. 30 Year Bond Auction at 1:00 PM.

Friday: 8:15, Bernanke speaks. CPI, Empire State Mfg. and Retail Sales at 8:30. Consumer Sentiment (would they like to call me first?) 9:55. Business Inventories at 10:00.

xlf_10_13 smh_10_13
rth_10_13 iyr_10_13

Good trading to you all tomorrow. Look sharp! :-)

Gave up the satin shoes today, and no cocaine eyes, but .. can you hear me knockin’ Lloyd?

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