Monday, September 8, 2008
Futures Markets Up
Stock futures are trading two to three percent higher than Friday's close. Apparently the rescue plan for FNM and FRE is being well received by futures traders. If cash markets react as well as the futures markets have, look for short-term resistance levels to be broken and the potential for the trend to shift back up. Monday should be a very interesting day.
We're back from a two day workshop in the Mid-west were Dave taught stock and options trading to 100+ students, so we'll be posting through out the day.
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2 comments:
So was that your alter-ego talking - "where Dave had..."
Or do you have an assistant helping with the posts?
Dave,
I am also noting that the $dxy is up 1.51 with a stronger than normal move to the upside. A stronger dollar can fuel this market on a intermediate uptrend.
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