TimingEquity

[teabull]

The major US stock Indices rallied hard this week as the projected 50 basis point cut in the Federal Funds and Discount Rates were greeted with enthusiasm by stock traders and investors alike. Not even a surprise decline in non-farm payrolls on Friday could knock the market down. This is something that should come as no surprise as the combined 1.25% drop in interest rates over the past week and a half has fully lubricated the financial markets. A test of sorts will come next week as, by most measures, the stock Indices are overbought on at least a short-term basis and are prime for some profit taking.

Sincerely,

Anthony Waller
President
Teabull Asset Timer Ltd
http://www.timingequity.com