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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: StockOperator who wrote (11970)	4/25/1999 4:21:00 PM
From: James Strauss	Read Replies (1) of 99985

I am curious about your view on interest rates. Also if you get a chance check out the chart for the utilities. There are some interesting divergences happening. ****************************************** SO: I think interest rates will remain steady for the foreseeable future... Continued productivity improvements gives the U.S. the edge in global competition... The war in Kosovo may put some pressure on interest rates if the Gov't has to borrow to finance the war effort... So far this is being paid for out of the budget surplus... Some of this money now being spent on Kosovo will not be going back to us in the form of a Tax Cut... As such, the consumer spending will be lessened... This will have a dampening effect on the economy... Interest rates are not raised in this type of environment... As for the Utilities average... It still is above its 13 day Moving Average and has support on the 200 day Moving Average in the 295 area... I wouldn't be concerned unless it violated its 200 day Moving Average... Jim

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