Wednesday, July 15, 2009

Evening Briefing for July 15th

* MARKET THEMES FOR WEDNESDAY: Follow-through strength on the heels of a favorable earnings report from INTC set off an upside trend day, as we moved well back into the May/June trading range. The basic risk-seeking themes were in force, with rising commodities, falling U.S. dollar, and falling Treasury prices (rising yields). Here's a summary of the market day.

* OVERSEAS/OVERNIGHT NUMBERS: 1:45 AM CT - France, CPI; 3:00 AM CT - Italy, trade balances.

* WORTH READING:

-- What sharp prop guys were looking at in catching today's trend trade;

-- Adjusting your brain to adapt to the economy and more great reads;

-- Market views from Lowry's;

-- A skeptical view of mini option ARMs; thanks to reader for the catch;

-- Thanks to a reader for link to this inside story of AIG's demise;

-- A sharp reader points out this tool for archiving Twitter tweets.
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1 comment:

OKL said...

Just thought I'd post this here; its a light hearted look at the psychology of trading... lots of banter in between though... vid is ~6mins long

http://www.cnbc.com/id/15840232?video=1183547408&play=1