Monday, December 31, 2007

12.31.07 - The only thing...

... to be enthusiastic about today's market action is the relative strength we are seeing in the Financial Sector (XLF). Maybe that will lead the overall market somewhere more positive by day's end.

Interesting barbell forming in the 2008 Market Opinion poll on the right. We traders certainly do have our opinions, don't we? Have you voted yet? Better yet, take a minute to post a comment with your prognostications!

Trade Idea Result: Lastly, if you were in one of the India Country ETFs (IFN/INP) for a possible bounce trade on a geopolitical over-reaction rational, it might be time to take profits on that trade, which is now up just over +4% since I posted the idea a few days ago.

12.27.07 - India Fund Opportunity?

3:32PM CST UPDATE: Throw away at the close. No big surprise and possibly the first tradable "on-sale" pricing of the new year. Worst December in five years? Have fun and be safe tonight -- Let's HAVE A HAPPY NEW YEAR!


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