Tuesday, November 6, 2012

Futures Point to a Higher Open on Election Day...AAPL, FAS Higher...TLT Lower...



BMO – ES +5.00 and NQ + 12.00… are higher in pre- market…pointing to a higher open…SPY is up 43 cents in pre-market…

XLF is up 4 cents…
Euro is up 10 pips…
TLT is down 45 cents…

Follow your rules for entry, exitadjust stops to protect profits at this time according to your rules...

Quoting Up: AAPL, AMZN, GOOG, FAS, PCLN, X,

Quoting Down: NFLX, YELP

The Average interest rate on the national debt according to http://www.usdebtclock.org/ is 1.59%.  If the fed allowed rates to rise to 3.7%, the TNX level in Feb 2011, less than two years ago, $342 billion would be added to the federal deficit which is listed at 1.121 trillion.  This is a very serious issue.  Today voters will decide if the U.S. continues more of the same or if a serious attempt is made to address the problem and find an actual solution.  Chart Signals hopes that voters will make serious evaluation of this and other challenges that we face and do more than cast a popularity vote.

4 comments:

Anonymous said...

I agree completely! Thanks for all of good thoughts and as always great analysis daily. You are much appreciated!

shortstar said...

Dave - appreciate the encouragement to get out and vote. Many have fought and died to give us the freedoms we enjoy today. Thanks for your mentoring.
Mike

Gary said...

1:54am here I see you're speechless too Dave.

Anonymous said...

It is a sad situation that so many cannot see the problems we are heading toward with the current administration. Looks like popularity voting has won out.