Monday, January 4, 2010

1/5 Lookahead

On Tuesday I'll be watching the general etfs, SPY and QQQQ, and the energy sector, such as USO and XLE, to see how they follow through from Monday's bull signals.

Most of the price movement in those etfs happened at the outset of trading, and the rest of the day they just marked time.

Economic releases: motor vehicle sales, and at 10ae (7pe) factory orders and pending home sales.

January options will expire in 10 calendar days, February's in 45 days.

Topics: S&P 500, SPDR, Spiders, Nasdaq, energy, oil.

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