The Federal Open Market Committe (FOMC) “The Fed” will meet tomorrow and Wednesday. What does this mean for you? Well word around The Street says a 25 basis point cut for the federal funds rate is coming. Short term, stocks should shoot somewhat upward, especially after the rough couple of weeks we’ve had. If you deal with currencies and commodities, specifically oil, expect the value of the dollar to drop and the price of oil to gain some strength, at least from my observations from the last rate cut. With the financial sector potentially rallying from the cut, I’ve gone ahead and opened a few calls on the financial sector ETF, the XLF, or Financial Select Sector. I’m just learning about ETFs and how to hedge and gain traction on the overall market so in the coming weeks I’ll go ahead and write up some guidelines on ETFs that options traders tend to focus on.
Monday, October 29, 2007
Sunday, October 28, 2007
Weekend Reading – October 28, 2007
Here’s this weekend’s light reading. It’s been an up and down week so relax a bit!
- Trader Gav describes why you need a world clock for Forex trading.
- Care to see a handful of stocks that gapped up this week? Trading Goddess has a few for you.
- Were you a bench-warmer this week?
- Here’s the Big Picture on how real estate is affecting other sectors such as retail.
- Sounds just like my baby EMC, here’s a brief rundown on FMC from Seeking Alpha.
Tomorrow we’ll be hosting the Twenty Something Finances festival. I believe submissions for the festival are closed but stop by and check things out. Have a great Sunday!
Saturday, October 27, 2007
We Have PageRank Takeoff!
Thanks to all the readers of this blog. Because of you, investingadventures is now PR 3! Going from unknown to PR 3 from the start of June is tremendous. Thanks to all of you! There’s much more to come so stay tuned!
Friday, October 26, 2007
Stock Replacement Strategy on Stockhouse
On a whim, I decided to send out the stock replacement strategy to a website called Stockhouse.com. If you haven’t had a chance to check them out, I would suggest that you do so. It’s a great balance of news and user created content. One of their editors returned my email stating they were interested in posting the strategy on their website. After some minor cosmetic changes and a quick bio, the article was published this afternoon. Check them out!
Stock Replacement Strategy on Stockhouse