There are a few interesting trading notes today:
1) There`s more to life than downgrades, Fitch says Poland outlook may be raised in 'medium term', 'no fears' of recession, deficit plan reduces pressure on rating A-
2) Volumes are drying up fast, Japan volume was the lowest since 2008, 3rd lowest since 2005 - Nikkei added 40 points overnight - it may be an interesting long play for 2012
3) Jefferies Group, Inc. (JEF) is trading at 12.40 (after closing at 11.80) after this morning's earnings - banks/ financials may perform well today
4) The S&P 500 opened near the highs and sold off during the trading day for five straight days - lately, if the market is open, traders are selling - I guess today we will close near the day`s high
5) There a few stocks that are very oversold and likely to bounce...my favorites are Mosaic (MOS) and Bank Of America (BAC)
6) On the presidential race, A new poll from Public Policy Polling shows that Ron Paul has taken the lead in the Iowa caucus race, while Newt Gingrich’s support is fading fast. A different Gallup poll shows Gringrich still holding the lead, but slipping, while The New York Times has Paul in the lead as well - all in all I expect Obama to keep the White House
And because there`s much more to life than trading I will leave you with the Ferrari 458 Italia. Fasten your seat belts!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
