The First Positive Week Of 2008!!!

The First Positive Week Of 2008!!!

Ok, the Dow's only 0.39% up, no big deal, but hey, this is the very first up week in 2008! That's what's making it so significant!

Is this the bottom? Near... but just not yet, especially with the Fed coming up again next Wednesday. The market is pricing in a further 50 basis point cut, which is another way of saying, "If the Fed doesn't cut more than 50 points, we are going to throw tantrum and SELL!!". Well, that's the market talking there. Does it even make sense for the Fed to cut 125 basis points within 7 days???? Think for yourself! Monday's going to be a cautious day, probably pull back a little bit on moderate volume across the board as investors take some more ka-ching into their pockets before the Fed on Wednesday. All eyes are on the Fed next week and the ISM numbers. Its gonna be a heavy week!

If you still don't know how to profit no matter which way the market goes to, its time you pick up Options Trading!