Hi Reid,
A nice list of stocks you posted, once again. I think I like the charts on THQI, ERTS, INFS, KYPH, LBTYA, and PRTL best of that list.
Oil futures are again rallying, trading over $48, but look like they need consolidation and/or a bit of correction back to test support:
futuresource.com
Index futures are down modestly at the moment.
I suspect we will see a bit of a gap down in the morning, followed by a rather unconvincing rally later in the day, lasting maybe a few more days. Then, a correction as we discussed.
Several members of the FOMC are speaking tomorrow: Lacker (not sure when and where), Santomero in Philadelphia at 8:15 in the morning, and Stern in Minneapolis at 9 am. If any of these guys start talking about inflation concerns, that could rattle the markets considerably, and push us into the medium-term correction sooner than we otherwise anticipate, particularly with the crude oil futures. Nobody seems to have noticed the rally in crude futures lately, but suddenly somebody will start talking you can be sure.
T |
