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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (1148)9/29/1998 8:55:00 AM
From: STEAMROLLER  Read Replies (2) of 1561
 
08:36 ET Market Indication: Broader market indicated sharply higher... Current level of S&P futures suggests Dow will extend yesterday's 80 pt climb with an opening move of plus 60 or so...
Fed expected to announce rate cut at FOMC meeting today... Most anticipating a 25 basis pt easing, however some are worried that 50 basis pts have been priced into the market. Hence, could see
a sell-the-fact rally on announcement, which should come at approximately 14:15 ET... Overseas markets mixed: France +0.06%, Germany -0.5%, Hong Kong -1.4%, Japan -0.6%, Singapore
+0.9%
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