Patiently Waiting
by Trader Rich
I have no open positions. I try not to trade against the trend anymore so I'm patiently waiting.
- DOW down -55.29 to 12987.55 (-.42%)
- Gold down big -12.00 to 795.7 (-1.49%)
- Oil down -0.80 to 93.82 (-0.85%)
- Dollar index up 0.83% to 76.033
What's up for the rest of the week?
- Tuesday – US PENDING HOME SALES M/M at 3:00 pm EST
- Wednesday – US PPI and BERNANKE speak at 8:30 am EST and 9:10 am EST respectively
- Thursday – US CPI
- Friday – US TIC at 9:00 am EST and US INDUSTRIAL PRODUCTION at 9:15 am EST
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I think after 4 straight down days in the stocks we will see more weakness in the equities this week -