Merry Christmas and Happy New Year to all of you! Before going back to financial review, I would like to take this chance to wish you guys success and health!

Now just take notes the important information analyzed by our expert - Pitguru Frank LaMantia - for your trading and plan everything before holiday!


Stocks are predicted to rise over the next few days after Obama signed the $858 billion package that renewed tax cuts for this year and next. Economists believe that it may bolster economic growth but others think it may just increase the deficit. Some are really watching for Darden Restaurants to report numbers because they own the Olive Garden and Red Lobster names. Hopefully, sales show that people are spending money going out to eat. Adobe will also report earnings which does give some direction on how technology sales are doing. Wednesday is a day one should be watching for GDP estimates. It was first expected to be 2.5% but now is expected to be around 2.8%. The Realtors Association expects previously occupied home sales for the month of November to rise slightly.

Unemployment benefits have been extended which is a great thing however, does everyone need it? There are some who have been laid-off who plan to retire and are taking the unemployment money. Some are doing something to change with the times and earn an education. Others believe that spending money on an education would only create more debt for themselves. Competition for jobs could mean a better resume wins the job but this may not go without a price. Companies might pay lower salaries and try to make employees do 2-3 jobs. Some have hard choices! One may choose to feed and clothe their children rather than pay the rent or mortgage. This could be a sign that foreclosure could rise even higher if mortgage companies do not work with homeowners.

The DOW is up 10 points to 11,500 while the S&P is up slightly 3 points to 1246.00. Some feel the market has risen too high too soon. The only things that could stop it from going higher are the debt crisis overseas and the job market.

In term of finance, it's necessary to check out the changes in Currency exchange to know how the currencies flow everyday since changes in this market will cause changes in others. We will gather in next week. I'm eager to hear interesting news from you guys. Be good!

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