Tuesday, October 26, 2010

Front Running QE2

It is a possibility that we could top out this week as sellers front run the expected good news of QE2 and the midterm elections and sell before the news comes out.  If that happens, it will make the action next week trickier.  I don't see that much enthusiasm for stocks, but I do see enthusiasm for weak dollar trades and commodities.  The sell the news phenomena should hit the currencies and commodities much harder than stocks. 

Today I expect us to grind higher from the open.

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