Trading Now

Trading Now

Tuesday, July 20, 2010

Goldmans Earnings Up but Revenue Leaves Little to be Desired

Meredith Whitney was right, again. GS missed expectations. So did IBM. Housing starts are also down. Three leading market indicators are off and the futures are already down 100 points for the DOW.

But don't be fooled into staying SHORT. The Baltic Dry Index is finally on the upswing albeit small. So I expect that I will win my bet of DOW 11,400.

Be careful today. likely sell off but some fantastic news will likely come over the next few days if not hours. Happy trading.

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