Market Observations 08/11/06
The equities market has not done well since the Fed pause, neither has the bond or commodities markets, although the dollar has held firm.
The quarterly refinancing is over; options expiration next week along with TUE PPI; WEN CPI & Capacity Utilization; the bulk of retailers will be reporting as well.
Today's economic reports sparked fears that the Fed may continue its rate hikes at the Sept meeting. Afterhours AMEX volume spike 49M vs avg 18M, usually a sign of index fund activity.
This market is very weak and if the downtrend persists, NDX 1464 and RUT 665 may provide some support, lets see.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
The quarterly refinancing is over; options expiration next week along with TUE PPI; WEN CPI & Capacity Utilization; the bulk of retailers will be reporting as well.
Today's economic reports sparked fears that the Fed may continue its rate hikes at the Sept meeting. Afterhours AMEX volume spike 49M vs avg 18M, usually a sign of index fund activity.
This market is very weak and if the downtrend persists, NDX 1464 and RUT 665 may provide some support, lets see.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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