Hivemind,
I love that Elmer Fudd line. Always makes me smile. And look at those Naz futures: up 65 points now at 8:45 EST. Looks like we'll be getting that rally, this morning anyway. If anyone's interested in buying today, please consider waiting out the first 45 minutes or so, as most times when the futures are so high in the premarket, the opening spike is the high point of the day.
Here's a snippet from the Monday Option Investor newsletter, regarding their thoughts on the issues that will have the most strength in any rally to start today:
"if the Fed's outlook is that "wages are
rising, but under control, energy prices appear stable, and
productivity gains are exceeding our wildest expectations", then
another rate hike in June is less likely to occur and would give
the markets the green flag to rally. In this more likely
scenario, we'd expect the see the greatest interest in high
quality issues, like chips, chip equipment, networking/telecom
equipment, and the biggest cap B2B infrastructure/commerce
issues. This action would likely attract momentum players back
into some tier-two issues." |
