Monday, August 31, 2009

Chicago PMI

This is the third straight positive number the chicago pmi coming in at 50 the preview will be followed by tommorows ism and the car sale which we are heaing will be discounted becaus cash for clunkers altered the number if they bought more cars it doesn't matter at least for tomorrow there is only so much positive news that can be tossed aside --Mand a activity Dell and intl earnings and macro data getting brushed because of the ASIa effect and Friday job fears?
we dumped our long because we know better than to fight a trend but look to buy each new low if you stay light on your feet quarters are easy halves with aplomb and alertness