Langlui's Big Board and Options Plays

[zigzagman]

Tomorrow is a HUGE Economic Calendar Day...

We get our first look at Q1 GDP an hour before the opening bell...That is a potentially market moving report...Here is what the ANALyst's are expecting the numbers to come out as...The Consensus number for Q1 is minus 5%, which is better than the minus 6.3% reading we got for Q4 2008...(see the chart below)



And the Fed's FOMC Announcement comes out at 2:15pm...I've heard this one could be a real snoozer though...Most folks don't think there will be any major changes in the wording this time...But, if there IS something said that spooks the market, we may get a good trading opportunity at that time...

There are a couple of other interesting reports due out tomorrow, but I don't trade Oil, Bonds, or Forex so they're of no interest to me...