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Market In a Minute

Posted by Larry Doyle on November 19, 2012 5:50 AM |

I welcome launching a new initiative here at Sense on Cents. With credit to Oliver Pursche, I will run weekly posts entitled, Market In a Minute. The opinions expressed are his own and should not be construed as an endorsement of recommendation on my part. The inaugural rendition of this self-explanatory delivery provides the following expected highlights:

The Market in a Minute:

Although the S&P 500 lost about 1 ½% last week, I believe stocks want to move higher. 

Pre-market futures indicated a higher open each of the five trading sessions, only to be pressured lower during trading hours on worries over the fiscal-cliff. Once a resolution to the fiscal-cliff is apparent, expect a significant rally.

This Weeks’ Market Moving Events:

Monday – Oil prices may gyrate as tensions between Israel and Hamas continue to rise. The Existing Home Sales report at 10:00 AM will be the key economic report of the day.

Tuesday – Housing Starts data is released.

Wednesday – The weeks’ busiest reporting day, is also likely to be a light volume day. Jobless Claims, Consumer Sentiment, Leading Indicators and EIA Petroleum reports are all on tap.

Thursday – Happy Thanksgiving

Friday – Expect light trading volume on this ½ day. Should there be a rally investors might be able to take advantage of some option pricing discrepancies today.

The Trade: With politicians on holiday, action in the Middle East heating up, and our expectation of a volatile December, continue to take advantage of any broad market rally to sell weaker names and buy puts for your portfolio.

Thank you Oliver!!

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • fred

    LD, Although I welcome the initiative, I must be somewhat critical of the presentation.

    1. Overnight stock futures v. daily price pressure – Might be a good indication of future price trend over the coming week or it might not, it is just a tool in the tool box. It should be presented without the bullish or bearish prediction, let the reader draw his/her own conclusions.

    2. Market moving events – These activities may or may not move the markets, they should be presented as important activities and events. Again let the reader draw his/her own conclusions as to significance.

    3. Can you be so sure it was the fiscal cliff that caused the post election selloff? I could argue just as convincingly that it was the expectation in the change in cap gains under an Obama re-election. Again present it as a potential catalyst not a certainty.

    I welcome the buildout of your site, it is consistent with your mission of providing “sense on cents”, but I believe it is better to give people information rather than advice.

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