After a rough learning curve from late November to January of this year, I have gained some market experience, and have learned that patience is a virtue, especially when acquiring stocks and options.
This week, I am holding off on any major transactions until after Wednesday, when the Fed announces their future policies on rate cuts. Also on Wednesday are large economic indicators, primarily inflation and employment figures.
Barring any unexpected news, I expect Tuesday to be quiet, as the risk is just too high on Wednesday for speculators to take any significant positions.
Items to watch out for this week? USO (United States Oil Fund) and GDX (Gold Index).
Monday, April 28, 2008
Outlook for the Week
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