Monday, December 15, 2008

Trading Range...Dollar Hammered

We continue to remain in a trading range as the indexes continue to build bases. A lot of news comes out this week and is likely to drive trading. GS earnings tomorrow morning as well as the FOMC interest rate decision will have a major driver of tomorrow's trade.

With the dollar continuing to be hammered I continue to focus on commodity names.



Shippers have remained strong and I bought some ESEA today which I plan to add to if the group remains strong and the stock gets sees some more volume.

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