With Wall Street expected to opened as planned tomorrow, the tone for the week will be set early. A rally off Friday's move would paint a very bullish sign with S&P 1205 as a key level of resistance to break though, with 1122 area as the key support level not to break. I feel like this will be a choppy week where we'll challenge one of those levels....which level depends on how the market reacts tomorrow. Volume could be light if everyone isn't back to trading, which could lead to further volatility
I'm anticipating to be more active this week as things have calmed down and i can spend a little more time following the market during the day. Though Friday we travel for our first meet of the year, so it's a short week to get some good trades done.
A few Links:
Minyanville: How Hurricane could affect insurance stocks
USA Today: Food Stamp us on the Rise
LA Times: Are we too Bearish?
Barrons: Buffet has no fear, why should you?
BusinessWeek: Buffet's deal capitalizes on bank weakness
Barrons: No Steve Jobs, Apple will still go on
USA Today: Apple IPhone 5, New IPad to come out in October
TheOnion: New Apple CEO Tim Cook: I'm Thinking Printers!
24/7Wall Street: Short bets on the rise
24/7 Wall Street: Top Analyst Calls for the week
24/7 Wall Street: Company Winners and Losers of Hurricane
BusinessWeek: Gambling in Macau is Hot!
Bloomberg: Corn harvest down
Boomberg: Groupon CEO--Company never been stronger
Pantagraph: Escalade Most targeted car by thieves
Wisconsin State Journal: The Bucky Wagon to return!
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