Hope In The Horizon

The Dow dipped 243.72 points last week with last Friday staging a dramatic rebound of 157.66 points, ending the Dow above it's 30MA support line. Much of the Dow's action last week has been the result of fantastic economic releases that suggest that the economy is picking up at last. Trade gap also narrowed for the first time in a long time. These releases caused a 2 days ditch as the prospect of a rate cut becomes almost zilth. However, all stock markets move ahead with the economy and as economy moves, so will the market. This week's big releases are the CPI and PPI (please see economic calendar at http://www.mastersoequity.com/option_trader_hq.php ) which will paint a definitive picture on inflation status.

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