Morning Morsel-Futures Firm
- Posted by UpsideTrader
- on December 21st, 2009
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
Tickers: aa, bac, COPPER, GOLD, jpm, mee, wfc
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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