Tuesday, June 24, 2008

No Change Down,,,,,,Some Change Down>>> 11500 Dow

This was interesting. Mccain views on alternative fuels, talked about on CNBC.
Investments for new technology to stop our dependency on foreign oil.
Tax Incentives on new tech and the consumer end is needed to change habits on the US.









The thing most likely to rally if there is no change tomorrow, could be the Financials.

If there is no change, inflation will continue grow, and you might see commodities rise and stocks go down.

http://www.forexfactory.com/
index.php?s=f748727ea35fd1342b270aaa5f87fdf4&tomorrow=1


IPI took some off some 6.86% after a great run from $49 to $76 in 3-4 weeks.

Keep an eye on GMCR...it looks like it is headed South.

I look for the whole market to break down over the next 1-2 weeks.

The IYR is falling to pieces right now and will probably see new lows in the area of $55 per share. Commercial Real Estate has another year to feel the real pain.

http://finance.google.com/finance?chdnp=0&chdd=0&chds=0&chdv=1&chvs=Linear&chdeh=0&chdet=1214340093250&chddm=1955&q=NYSE:IYR&

Good Fortune from Trade-Equity.com