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Friday, June 16, 2006 2:07:13 PM
I don't think housing stats good or bad will move the market much ST. By all meassures the home builders have broken down.
Bad numbers are already factored in. Not short the home builders here as I'm waiting for a retest of the trend again to consider going short again.
Leading indicators and Durable goods on thrus and friday will be more key.
http://biz.yahoo.com/c/ec/200625.html
A continued rally into maybe mon/tues seems more likely than not and then it'll be down a bit prior to the Fed. Just a swag since I'm not long or short the gen market here.
Not sure does the Fed meet the 27th (tues) or the 28th?
Bad numbers are already factored in. Not short the home builders here as I'm waiting for a retest of the trend again to consider going short again.
Leading indicators and Durable goods on thrus and friday will be more key.
http://biz.yahoo.com/c/ec/200625.html
A continued rally into maybe mon/tues seems more likely than not and then it'll be down a bit prior to the Fed. Just a swag since I'm not long or short the gen market here.
Not sure does the Fed meet the 27th (tues) or the 28th?
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