we rock today! good productivity numbers,positive intc comments, labor cost unit above expectations, but will be ignored, people will start talking about next fed move is a cut, (need 4.0% unemployment number or better tomorrow) middle east peace accord (too bad it wont last) but short term oil will drop, it is november and we are going into major sweet spot (honeymoon election rally plus positive fomc meeting) that means you can trade hard on the long side today!! all high flyers are very tradeable today here is my play list for today jdsu--leading optical, presenting at conference at 10.30 today scmr,cien, amcc, pmcs, will be hot today bvsn- going to sp500 friday at close, 17 million shares need to be bought, this one should move stedily higher through friday msft-breaking out as bush increases lead time to buy the dips again, dont get too anxious on opening gap profit often
today is a good day to be a trader |