We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Sunday, June 24, 2012
Looking Ahead: Week of June 25 through 29
Is housing improving? Housing updates continue with pending and new home sales and Case-Shiller. Recent reports on manufacturing have been mixed. Clarification could come from the regional Dallas, Richmond, and Kansas City Feds, as well as the durables orders report. Consumer spending has slowed and this week’s consumer confidence and sentiment numbers could clarify where spending is headed. Also honing in on the consumer will be the personal income report. Also, the Supreme Court could rule on so-called “Obama Care” as soon as Monday as the Court wraps up its current session. This could impact the health care provider sector.
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