Thursday, January 29, 2009

Thursday's Late Trading Alert

Hello to all, We believe the market will sell off more tomorrow morning after XOM reports earnings before open & Gross Domestic Product (GDP) hits us at 8:30ET. We would WAIT patiently until we see S/P between 825-830 and/or TLT close that gap at $99.37 before entering long positions Friday. We are still bullish short term due to the oversold financials, anemic price of oil, and the developing story regarding the titanic stimulus package. Tomorrow morning's sell off will offer forward thinkers an excellent entry point to go swing long into the weekend! POTC believes the weekend will bring good news regarding the "bad bank" plan from the Obama economic team, so financials & s/p futures could be in the green on open come Monday. We respect this traders' market, knowing it will kill most big bears & little bulls before it's done, you must be very quick and nimble (whether long or short). Always take profits and cut losses to a minimum. The market will be around tomorrow, next week, and next month. Thanks for visiting the Island Where Forward Thinkers Evolve; the entire Psychology of the Call team wishes you a fun filled Super Bowl weekend. Now Mrs. Faith Hill on the NFL: http://www.youtube.com/watch?v=xwhctLQKd7U&feature=related

2 comments:

Anonymous said...

Keep Faith alive!

Anonymous said...

s&p 825 was hit on the button, good job. Noe let's see the bounce Monday, good luck guys.