Wang’s Happy Trading

Don’t count the market out just yet. This groundhog sees better days ahead. The Fed just gave the bears their pink slips……just a matter of time.

Economic calender for the week.

Feb 4 10:00 AM (ET)Factory Orders
Feb 5 10:00 AM ISM Services
Feb 6 8:30 AM Productivity-Prel Q4
Feb 6 10:30 AM Crude Inventories
Feb 7 8:30 AM Initial Claims
Feb 7 10:00 AM Pending Home Sales
Feb 7 10:30 AM Crude Inventories
Feb 7 3:00 PM Consumer Credit
Feb 8 10:00 AM Wholesale Inventories

Stocks to keep an eye on:
ATVI, CELG investor conference on Wednesday at 9am ET and expected mid stage trial update on Psoriasis drug Aprelamist (competing drug Enbrel is a billion dollar drug), IBB, XME, CNX, ACI, BG(fav for earnings), SHLD, BDK, MLM earnings 2/5, APOL, IVGN (good earnings watch- FEB 5), ANDE (earnings Feb 6), ADM earnings Feb4, NYX, VFC, TRA, OSIP, BIIB, HAR (warned, could get ugly), EOG, LVS (earnings Monday), WYNN- sympathy move to LVS, SOHU, MFLX earnings, ITWO, GOLD earnings Monday could be influential to gold plays, JOYG, BUCY, FXI, China situation with the severe weather and global implications to commodities and Ags. Keep an eye on coal (KOL) or XME, GU (Cramer mention), rails (BNI, UNP), HB’s(RYL, CTX, MDC,), Ag’s (BG, MOS, POT, MON, TRA (earnings), AGU (earnings next week).

To Be Continued….(I love the market its like a never ending soap opera! ) …..Questions I’ll be looking to answer.
Will new leaders emerge and lead the market higher, who will be the new leaders in the market? Which of the old leaders will still lead the pack? Will a solution to the monolines emerge and how will the market react to it? Homebuilders and banks have been on fire
could that continue? Is the bearish continuity of thought broken for good? Is the glass half empty of half full(market reactions to fluid news)? Can the market go higher without the 4 Horsemen?
Remember that the market is forward looking and tries to price in what happens 6 months from now. Don’t listen to old news. Don’t fight the Fed. The Fed has cranked the faucet on.

Whatever men attempt, they seem driven to try to overdo. When hopes are soaring I always repeat to myself, “Two and two still make four and no one has ever invented a way of getting something for nothing.” When the outlook is steeped in pessimism I remind myself, “Two and two still make four and you can’t keep mankind down for long.”-Bernard Baruch