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Two Ways: Bernanke Pinpoints Recovery


Strengthen your portfolio in good times and bad.


Bernanke on 60 Minutes

Federal Reserve Chairman Ben Bernanke granted 60 Minutes a rare TV interview yesterday. According to Reuters, Bernanke suggested the US won't be back to full employment in 2009, but did expect the recession to come to an end this year, with a recovery beginning in 2010.

He believes the greatest risk to recovery is lack of "political will." Without the "commitment to solve this problem… we can't count on recovery."

For trading context, see Professor Jeff Cooper's Mr. Market Dials M for Momentum.

From the Bull Pen: Follow-through since last Tuesday's rally is very encouraging. Bulls can even look to housing, such as the Homebuilder ETF (XHB) for upside exposure. A sell stop can be set $9.50.

From the Bear Cave: Bears can look to stocks that aren't rallying with the rest of the equity markets. Entergy Corporation (ETR) stands out. Overheard resistance near $62 could act as a downside entry point. If and when.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.60%, Nikkei 1.78%, India 2.13%, Taiwan 1.51% and Shanghai 1.15%.

Glancing towards Europe, we see the CAC 2.47%, DAX 2.15%, FTSE 2.40%

As of 8:00 AM EST, S&P Futures are trading +9 to 763, and Nasdaq futures are +9 to 1167.

A Look At Commodities

Crude oil is trading -1.95 to 44.30. Gold is -7.40 to 922.70. Silver is -0.20 to 13.010, and copper +3.50 to 170.00.

The dollar index is -0.78 to 87.1550.

On the Radar


09:00 Net Long-term TIC Flows
09:00 Total Net TIC Flows
09:15 Industrial Production
09:15 Capacity Utilization

Click here for the full trading radar.

Happy Monday! Good luck!

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No positions in stocks mentioned.

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