$PreMarket Buzz$ Inflation or Growth from Bernanke?

With 20 minutes to open, the 3 major indicators this morning look like this:

Oil is down to 126.37 down about$1.30 per barrel.

Comex Gold is 887.20, down 9.80.

Dow Futures is up 26 points to 12532.

Bernanke spoke this morning and said thing are better but "conditions remained strained". He signaled that the Fed will keep things the same and not change the Fed funds rate. Bernanke also mentioned that oil might cause growth to slow in the economy, the the commodity prices have to show a total pass through to the consumer, and that the consumer has held better than expected.

He also mentioned that the commercial real estate sector might still see downward effects. If you would like to take advantage of commercial real estate, we like the IYR.

We think that the Market will challenge the Fed to lower rates one more time. Although, the Fed does not feel it this will assist the economy in its recovery.

The market might go up a little this morning and then head South to chase 12300.
Again while certain stock are sitting their support levels, we like the SDS to take advantage of the downward trend of the s&p.

http://www.forexfactory.com/


Good Fortune from Trade-Equity!!!