Sunday, September 16, 2007

Entry for July 17, 2007

The Dow not able to hit 14,000 today, though again, all a matter of time now. When the Dow does hit, it will psychologically be bullish causing more upward momentum or depending on the sentiment of the time, might cause people to start taking profits on long positions. Most likely when breaking through a slight pause or even a slight dip before continuing upward again.

Ahead of the PPI, expectations for inflation to be slowing, i would expect inflation to be either the same or slightly higher. Though i would expect the core PPI in general to be the same. The markets might be caught off guard, this might be a good opportunity to set up some short positions, or hedge against long positions further.

Like i said before the Dow is a more psychological influence if anything, looking at the S&P today and the FTSE, both indexes are pausing or pricing for the upcoming events.

It is also possible that good earnings reports will add to further bullishness.

Though despite all my bullishness, in the back of my head lurking, i can't help but get the feeling i should start looking for more signs of weakness...

Tags: | Edit Tags
Tuesday July 17, 2007 - 05:39pm (EDT) Edit | Delete | Permanent Link | 0 Comments

No comments:

Post a Comment

This Blog has been developed by Analyze Capital LLC, and as an independent organization we provide “AS IS” information without warranty. The ideas and opinions expressed by the contributers of this blog are personal and do not represent the actions or policies of Analyze Capital LLC. The contents of this blog do not intend to assert recommendations or to offer advice of any kind. We are not responsible the consequences, be they gains or losses, that may result from using any of the information from this blog.