Saturday, December 16, 2006

Perfect Storm

This morning's CPI and wage data. Stocks and bonds soared and the US Dollar dropped on the news. Perfect for more my portfolio. But will the massive opening gap hold, or should I sell my stock positions. QQQQ was $44.40 before the news and now is at $44.78 a few minutes later. There is a potential for $45 being an attractor today as it is options expiry day....


The NDX gap pretty much did fill in the end and $44.50 is looking like more of an attractor than $45. I should just trust the model and stay long through Tuesday I guess... The Aussie and 10 year bonds retraced a lot of their surge too.

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