Ahead Of The Fed

  • January 30, 2001
  • Dave Landry

With
the market’s uncertainty about  the Fed, or more
importantly its reaction to the Fed, now may be a good time to manage
position vs. establishing new positions.

Considering the above, the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating),
still look great longer-term but appear to be bumping up against recent highs.
If you have profits here, you might want to lock in a piece.

src=”https://tradingmarkets.com/media/images/Landry2/sox123001.gif” width=”470″ height=”320″>

The
banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating), also mentioned recently, are also bumping up against
their recent highs (a). If you have profits here, you might want to lock in a
piece, also.

src=”https://tradingmarkets.com/media/images/Landry2/bkx013001.gif” width=”470″ height=”320″>

I
apologize for not having much to talk about tonight. I’m sure it’ll be more
interesting tomorrow.

Best of
luck with your trading on Wednesday!

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>