Hello all! I'm glad to be back here. I hope you are all doing well. As usual, to be ready for the new week, we will keep track with the market with the financial review by PitGuru Frank LaMantia.


The market is waiting for the Federal Reserve meeting in the latter part of the week. The argument is: should the government keep buying toxic assets to help with the recovery? It is expected that the Fed may keep rates as is and give some support to the current market. This is an opportunity for officials to ask where the market is headed. It is important to listen to the language that will be announced.

Last year investment banks had one of their best years. This year it may difficult for them to duplicate results. Volume is supposedly down significantly and some analysts are speculating that 2010 forecast for profits may be lower. New stock offering are down 15% and bond issuances is down 25% from last year. Goldman and Citigroup will not be allowed to have sole proprietary desks due to Congress’ new regulation. Financial firms hired employees because of a stellar 2009 but now have more mouths to feed. This could also cause lower profits.

The S&P was up slightly 1.50 points to 1122.50 while the DOW was up 16 points to 10558.00. The market is looking for some sort of positive language from the President today. His job as President is to keep Americans calm and to give some support to the markets.

End up! Did you already note down all the important points that you thinks you need? Since we are in the trading platform, we are advised to not miss any information supporting our business. The sooner we get the news, the more successful we can get. So, don't miss the other futures reviews since surely they can help you.


Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.

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