Man is it hugging the downtrend line! S2, do you think the rate decision will have any effect on our trade? The way I see it is people are already pricing in a 25% cut, thats why the dollar rallied this past week and we saw a little pull back in the commodities. If Ben does in fact do a 25% cut, as people think, he'll also say that they might hold off in the future and this will inevitably take commodities down as well. If he doesn't do anything this time, it will really take them down. I see it as a win-win situation for us, as HAL more or less is aligned with oil, so if oil goes down, they might take all of the oil service stocks down with it.
Take a look at XOM, CVX. Both made a triple top. They are reporting earnings either next week or the week after, so you never know.
Do you play any ETF's? If so, which ones and how?
-alero
