Friday, January 9, 2009

Stocks and Bonds

The charts tell me to buy stocks and sell bonds here.  It seems like thesee may be pivotal longer term levels, 125'16ish  in notes and 890ish in sp's.  As I'm sure most of you are aware, there is often a lot of volatility after big economic releases and today is no different.  At the risk of missing identifiable entry  levels here, I want to let the markets settle in a bit more today and further digest the data.  There is no good news in it.  It's just how the market perceives its impact on future prices.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results