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Originally Posted by Vanity
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Originally Posted by Hisam135i
Very cool  I've been looking at the same thing, looks like we're approaching 83 but not enough momentum yet hopefully we shall break through today 
Edit: looks like we made it through!!! |
Yes! We did. However, now it is about whether or not the USD will hold this gain, or break below and then retry for it again next week.
The shorts I initiated yesterday turned out to be a good decision. DOW was down as much as...... -190 today!  Holding no positions ATM, might decide to do something in the last 2 hours left of trading.
But the volume today is so poor from the July 4th celebrations. Hardly any trading going on today. What the risks are now, is whether or not earnings next week is going to be good. We already saw bad ISM numbers, the sharpest decline in several years. Manufacturing is down, services struggling, so that tells me Alcoa will be biased to under-perform on Monday. However that last transportation bill passed in congress worries me a little, search it up. They changed interest rate calculations so on "paper" there is a potential for instant earnings boost. I don't know how much this will factor in though. We shall see. |
I looked into that and looks like you were correct alcoa came in at 6 cents a share beating estimates of 5 cents