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Two Ways To Play: Pimp My Tax Cuts


Strengthen your portfolio in good times and bad.


Obama To Cut Taxes

President-Elect Barack Obama and congressional Democrats are planning to offer individuals and businesses about $300 billion in tax cuts. According to the Wall Street Journal, the move is aimed at attracting support from Republicans for his economic stimulus plan.

Details of the cuts aren't yet available, but the number could reach $775 billion over the next 2 years - possibly packing more punch than either of President George W. Bush's tax cuts.

See Professor Kevin Depew's Five Themes You Need To Know for 2009.

From the Bull Pen: Bulls can consider uptrending stocks like Amazon (AMZN), which caught an upgrade this morning from JPMorgan. Is the stock headed to $60? Sell stops can be set near $52-$53.

From the Bear Cave: Bears can consider Electronic Arts (ERTS), which is nearing gap fill around $19.40. One can enter a downside position if and when it reaches that level with a buy stop above.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.46%, Nikkei 2.07%, Sensex 3.19%, Taiwan 2.33% and Shanghai 3.29%.

Glancing towards Europe, we see the CAC 0.07%, DAX 0.34%, FTSE 0.22%.

As of 8:00 a.m. EST, S&P futures are trading -3.40 to 931.80, and Nasdaq futures are +3.00 to 1263.70.

A Look At Commodities

Crude oil is trading +0.05 to 46.39. Gold is -24.80 to 854.70. Silver is -0.46 to 11.025, and copper is -4.10 to 142.00.

The dollar index is +1.28 to 84.0850.

On the Radar


10:00 Construction Spending -1.3%

Click here for the full trading radar.

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No positions in stocks mentioned.

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