Morning Morsel-Futures Firm

Posted by UpsideTrader
on December 21st, 2009

xmas tree1 300x225 Morning Morsel Futures Firm The dollar is steady this morning and European shares are drifting higher, although the carbon credit market over there is getting smashed after the fail at Climatehagen.

A party line approval clears the way for a Senate vote on the landmark healthcare bill by Christmas Eve as the last of our spineless Senators has fallen in line.

Copper and gold are advancing this morning, both are oversold short term, so look for the bounce there to possibly grab some legs. Alcoa (AA) and Massey(MEE) have nice chart patterns in the commodity space.

Another Holiday trading week is upon us and although volume will be light, I have a feeling Santa will sprinkle some bullish love dust on the market this week.

Barrons was bullish on WFC, BAC and JPM and said their shares could rise 80% in two years, I guess a double would have been a stretch. Watch the insurance stocks this week off the healtcare news, they may still play here.

And don’t forget to try and do something nice for someone this week, you’ll feel like a million and it Tis the Season. Let’s have a great week.

Monday, December 21, 2009

Economic

08:30 Nov Chicago Fed Index (last -1.08)

15:30 Mexico Oct Retail Sales

Events

Ex-dividend: SPLS $0.083, FLS $0.27, CINF $0.395.

Earnings

Before the Open: CAG, WAG. After the Close: JBL.

Follow @upsidetrader

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.