Archive for September, 2009


25
Sep

Fearful Friday

  Eco Data Watch: Durable goods came in at -2.4% vs +0.7% expected and downwardly revised 4.8% last month. Equity and commodity futures rolled over immediately. Only natural gas remained aloft, trading around the $4 mark for the first time since early August. After the open we get new homes sales (expecting 440,000) and consumer […]


24
Sep

Thursday – Oil Review and Natural Gas Preview

  Market Sentiment Watch: Market suddenly nervous? Yesterday the Fed held steady on rates and remained accommodative – in their own words. On the economic data front jobless claims came in at 530K vs 550K forecast and 545K last week and we will get existing home sales for the month of August at 10 am […]


23
Sep

Wednesday – Fed Decision, Energy Space Heating Up

  Sentiment Watch: More energizer bunny action in the markets yesterday. I notched my cash position back up. Market looks to be in "waiting for the Fed mode" until 2:15 pm EST when the Fed will likely do nothing but issue a slightly re-worked statement indicating it sees further improvement in the economy (based on […]


22
Sep

Fed Up Tuesday

Market Sentiment Watch: The just-around-the-corner-correction never seems to materialize. I’m sure it will but the attempts at making a run to the downside have been too elusive for me to put on what I’d call an actual hedge other than cash. I spent last week raising cash and yesterday dipping into it. I will not […]


21
Sep

Monday Morning And All Is Red

The dollar is getting a bit of a bounce this morning, (up a half percent with the dollar index approaching 77 from below) as the G20 and the Fed meet this week and with all talk about exit strategies. Oil sold off overnight as the dollar rallied and equity futures are pointing to a red […]

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