Here are today`s trading notes,
1) eMini S&P Futures are gapping up this morning;
2) Nymex Crude Oil is trading at 103.00 - it may be near to a short term top - I hold similar views on the indexes;
3) According to ECRI, "with the USFIG ending 2011 near the lows of the year, underlying U.S. inflation pressures remain subdued”- ECRI`s Lakshman Achuthan
4) Nearly 60 percent of hedge funds lost money in 2011, according to preliminary data from the HedgeFund Intelligence Database - that is crazy!
5) It seems that the high end jewelry market is not doing so well, "Tiffany & Co. declined in New York after the world’s second-largest luxury jewelry retailer reduced its annual earnings forecast, hurt by slowing holiday sales growth across all regions." - TIF is off 7 to 8 percent in pre-market trading
6) We had 2 big consecutive rallies in chinese shares - comparatively the Nikkei 225 barely moved - japanese shares are being held back by the strong yen but they may be a decent play going forward
On a leisure note, I had to sweat a bit yesterday as Arsenal was unable to score against Leeds for over 60 minutes. In the end, an "old hero", Thierry Henry came off the bench and scored. Thanks Henry!
I will leave you with a fantastic motivational video,
