Dollar Down, Stocks Up

Posted by UpsideTrader
on November 11th, 2009

I just copy and paste that title now because I use it so much. After a flurry of Fed comments yesterday, none of which implied any current or future support for the dollar, the market looks higher yet again. Toll Bothers(TOL) reported a knock out number after the close so look for the home builders to be in play today. Oil and commodities will play higher as well, and I will most likely be trading XME, MEE, FCX and some names in the oil patch.

All eyes will be on a trade and close above 1100 today, if we can accomplish that with some volume the trend higher should continue. Enjoy the day and good luck, take a second to remember the Vets, you all know one.

Wednesday, November 11, 2009

Economic

None Seen

Events

Recommend bond market close for Veterans Day holiday. AMD Analyst Day. Credit Suisse Healthcare Conference. Goldman Sachs Data Center Techtonics Conference.

Earnings

Before the Open: ALLT, APU, CAE, FLO, M, UGI. After the Close: AAP, ANW, AMAT, CGA, CTFO, CSC, CTRP, DAC, DNDN, GMCR, HRC, KONG, MDTH, TTEK, WES.

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