Morning Commentary

Monday, October 11, 2010

Morning Commentary

Stock futures are up this morning as expectations are running high that the Fed will take further action to bolster the economic recovery. The dollar is trading down. The dollar and equities have been inversely correlated as investors leave the perceived safety of the greenback and put money into stocks. Bond markets and federal offices are shut in the U.S. Monday for the Columbus Day holiday. No economic data are due for release. Investors will be looking ahead to key earnings this week. Tuesday kicks off with chip maker Intel, Wednesday features JP Morgan, Google reports Thursday and General Electric will announce results Friday.

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Reading Our Charts

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ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Please note that there are additional limitations when attempting to simulate the performance of a trading system which includes short trades due to various short trading regulations and hard/impossible to borrow stocks which cannot be incorporated into the simulated performance. There is a high degree of risk in trading, and short trading can carry additional risk, so you should always consult a qualified adviser about the suitability of any investment. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Rampage Trading - Wall Street's Best Kept Secret

Monday, October 11, 2010