The Local's Take: The Week Ahead

Good Evening Traders and Investors,

Take a quick look at the upcoming economic calendar for the week:

Forex Factory

We have the FOMC statement on Tuesday, unemployment claims on Thursday, CPI, and PPI.
The FOMC should be tame as Bernanke was just in front of the press.

All of the broad markets are above, at or near their recent January highs. Will we surge above them? There seem to be enough traders caught short that there is a real possibility that we will.
Next up? 11000 for the DOW.

I am still in a protective position - using a percent or two of the portfolio to protect certain sectors - retail, and commodities, since commodities have raced over the past few weeks to regain their January highs.

Regarding Forex, the markets are all over the place - no correlation between the rally in treasuries and consistency between different regions of the world. The EU is weak, CAD is strong. Trading rules (and rules and rules) are very important!

The final U of U Intro to Personal Trading/Investing class is tomorrow night. I will give a blog recap on Tuesday.

I will also check in over the next few days regarding market opportunities and trades, until I am called to my post at Deer Valley on Wed/Thur. Spring Break is in session and the forecast for skiers look to be strong. Come find your favorite mountain host for a tour - the groomers should be fun!!

Snow is in the forecast for the early part of the week - funny how it snows when temps are supposed to be in the high 30's. The snow varies greatly between lower and higher elevations - so Empire and the North side of Bald is the place to be.

Have a great week and Be Environmentally Cool