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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Vitas who wrote (31413)10/26/1999 8:58:00 AM
From: Lee Lichterman III  Read Replies (1) of 99985
 
Thanks for the update. Something must have happened that the market liked because NASDAQ futures are shooting up the last couple minutes. I don't see much except that LU posted what sounds like good results at first glance. S&P futures not moving a whole lot yet so let the tug of war begin.

Scotty, thanks for clarifying. I think the rate jitters are for real. I expect a mild pullback in teh TYX but then another upleg should start soon after. Until the Fed shows they are not hostage to the stock market and raises rates enough to catch up with the bond and Dollar, the bond will continue it's "no confidence" vote.

If we rally today, it will be interesting to see the report on Thursday as usually the market tends to get to where Don's indicators are in the mid range before a major economic report, if we stay up to where he is in the top end, things could get real interesting if the numbers come in showing inflation.

Good Luck,

Lee
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