The Trading Day Ahead – 11/19/08
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/458403687/Posted on Wednesday, November 19th, 2008 | In Stocks to Watch
Wednesday November 19, 2008
Navivest
We are looking for a rebound in stocks after a volatile week in trading that has seen the Dow trade in an almost 800 point range, but we’re still trading only about a hundred point lower than where we were trading last Wednesday.
We do have a somewhat active economic calendar today that could dictate the direction of the stock market – possibly downward. On tap, we have Building Permits, Housing Starts and FOMC minutes.
It is probably a safe assumption that the Building Permits and Housing Starts numbers will be disappointing, but at this stage, no one is expecting that builders were going gang busters applying for permits and putting up new housing.
So maybe the numbers could actually help stocks move to the upside, as whatever is released today, will be old news that should have been already been discounted.
Last 5 posts by Daniel Shepard
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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