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Wednesday, January 10, 2007

Expectations For Positive Earnings

Lower oil prices, M&A activity, strength in tech, and ultimately expectations for positive earnings trumped concerns that interest rate cuts are not right around the corner.

End_of_day_chart_76

The market keeps finding a way to claw itself back into positive territory. You have to like and respect that, but certainly not let your guard down just because of it.

I made a few trades today in order to finally kickoff the new trading year. Fortunately I was able to snag a couple of decent set-ups but there's lots of work ahead. I'm sure you know the feeling. Rest up and we'll hit'em hard again tomorrow.

Posted by Kirk at 5:48 PM in Review | Bookmark | Feeds | Link |


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