Icahn says the proxy fight is happening!
Thank you! is all we can say after watching Yahoo turn down what should have been a deal to start with.
Gold is the under appreciated story today.....down over $19 for the last 3 sessions, keep an eye on GLD if global inflation keeps inching upward. On the same note, Russia admitted to the fact that they will step in to keep stability in their currency.
http://in.reuters.com/article/asiaCompanyAndMarkets/idINL1484107720080514
Watch airlines start to rally if oil keeps sliding downward. This business is dependent on the price of fuel, just like FedEx, UPS(who hedges), and all the trucking firms.
The USD looked stronger against the Yen and the Swiss, vs, the pseudo strength against the Euro and the Cable.
The Vix continued to hang out under the 18 marker. CNBC mentioned the sell off at the end of the day today, was due to complacency exhibited by the Vix or as Pisani called it, "good old fashioned profit taking". Either way, the Dow sold off, 130+ points up to 66 points up at close.
The Market showed strength and unless the retail company numbers, unemployment numbers,
Bernanke, or the Philadelphia manufacturing numbers announce devastating results tomorrow,
we might continue our run up til Friday afternoon(possible scenario).
http://www.forexfactory.com/index.php?tomorrow=1
Wednesday, May 14, 2008
Wednesday Market LunchBox
Icahn has 3.5% stake in Yahoo. Can you say brilliant?
The Dow is 137 currently. The rally today is due to the inflation numbers combined with the Freddie Mac numbers.
Macys also reported better than expected numbers, pulling retail up today.
The money on the sidelines looks to be adding to the volume of trading this week.
Oil is currently down on the session, to 124.64 pb, while natural gas is up .27 today.
Good Fortune from Trade Equity!!!
The Dow is 137 currently. The rally today is due to the inflation numbers combined with the Freddie Mac numbers.
Macys also reported better than expected numbers, pulling retail up today.
The money on the sidelines looks to be adding to the volume of trading this week.
Oil is currently down on the session, to 124.64 pb, while natural gas is up .27 today.
Good Fortune from Trade Equity!!!
PreMarket Buzz
Inflation looks to have dropped per the April CPI report.
The Market looks like it will open higher this morning. The Dow Futures are up 49 and the S&P is up 5.50.
Oil traded higher last night, but currently down to $125.22 pb. At 10:30am EST we should have the data for Crude Oil Inventories.
Freddie Mac reported good number today and should help lead the financials higher.
Today look like a steady positive day with the Vix still under 20 and good news in the Premarket.
It has been confirmed, Carl Icahn is on the heels of Yahoo.
Good Fortune from Trade Equity!!!
The Market looks like it will open higher this morning. The Dow Futures are up 49 and the S&P is up 5.50.
Oil traded higher last night, but currently down to $125.22 pb. At 10:30am EST we should have the data for Crude Oil Inventories.
Freddie Mac reported good number today and should help lead the financials higher.
Today look like a steady positive day with the Vix still under 20 and good news in the Premarket.
It has been confirmed, Carl Icahn is on the heels of Yahoo.
Good Fortune from Trade Equity!!!
Subscribe to:
Posts (Atom)
