LIVE Tonight at 8pm Eastern...
Published: Sun, 05/15/11
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Hi Toolbox Fans,
Bill put up a great blog post this week in the member's area after looking through a thousand charts or so. The market is in a precarious position right now and anything could happen.
Be agressive in taking profits and cutting losses quickly.
The flood is on its way down to the oil refineries and we don't yet know how bad it may or may not get just yet.
This week they say we'll hit the debt ceiling and if true facts were known it was actually last week.
There is lots of rhetoric about what the debt ceiling means to the finances of the country one never really knows who to believe on that stuff but it seems to me that the government could probably continue to make interest payments on the debt for quite a while.
In recent polling the American people are definitely against raising the debt ceiling.
There is a full week of POMO but many days are light at just 1-2 billion or so. We also have a lot of economic data this week so be sure to keep an eye on that as well.
We will dig into all the details tonight.
We'll see you tonight at 8pm Eastern!
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry The Investing Systems Network
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