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FEELIN HEAVY
at 2006-01-05 09:08:29
An overbought market that can't rally on good news. that's the story today. New home sales, durable goods, consumer sentiment, all good. We are not going to fall off a cliff on that kind of news though. Look for choppy trade ahead. It definitely seems we have to consolidate the gains, before we decide where to go next.
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Source - http://thetradingdesk.blogspot.com/2005/11/feelin-heavy.html
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GOLD
at 2006-01-05 09:08:29
Very interesting action in gold this week. In spite of higher bond yields, lower oil, and a stronger dollar, all traditionally, bearish for gold, bullion kept marching higher. The inflation numbers both PPI and CPI were also pretty good with better numbers to come now that energy prices are re
Source - http://thetradingdesk.blogspot.com/2005/11/gold.html
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SIDEWAYS
at 2006-01-05 09:08:29
We are in our 5th day of sideways trading. A consolidation the bulls say. Never short a dull market says the axiom. Well perhaps, but if a market can"t make headway, it usually tests support. Fading concerns over the economy, pushed the market up and since then we have had a lack of catalysts. Tomorrow we get the trade figur
Source - http://thetradingdesk.blogspot.com/2005/11/sideways.html
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MCDONALD'S
at 2006-01-05 09:08:29
MCD hit its lows in the spring of 2003. Same store sales were declining 4% a month. MCD had been a growth stock for decades. In an effort to keep the growth up, they started to diversify into other restaurant concepts in the late 90's as their markets became saturated and expansion opportunities waned. That strategy failed,
Source - http://thetradingdesk.blogspot.com/2005/11/mcdonalds.html
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STRONG OR WEAK
at 2006-01-05 09:08:30
As we wait for the Fed today, I must say it's been a while since I've read some many strong and contradictory opinions on the market. There is the Bill Gross and Steve Roach camp, that says a significant economic slowdown is just around the corner, which will weaken equity markets keep inflation under control and be good for
Source - http://thetradingdesk.blogspot.com/2005/11/strong-or-weak.html
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