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Two Ways: Geithner's Master Plan


Strengthen your portfolio in good times and bad.


All Eyes on Geithner

The Obama administration is set to announce details of a plan to expand the $700 billion financial rescue package. According to Bloomberg, Treasury Secretary Timothy Geithner will unveil the Public Private Investment Program, a new strategy said to involve the private sector as well as the Treasury, Federal Reserve and Federal Deposit Insurance Corporation - and aimed at unlocking between $500 billion and $1 trillion of troubled assets. Geithner is set to take the stage at 8:45 a.m.

For trading context, see Professor Jeffrey Cooper's S&P Pursued by Bulls.

From the Bull Pen: We saw the first failed attempt for the S&P 500 to capture 800 last week. For those that believe the index can achieve that level on this second attempt, the vehicle of choice can be the Depository Receipts (SPY); a sell stop can be set 2% from entry.

From the Bear Cave: Is the dollar index (DXY) developing an ugly downside wedge? Those bearish can play the Inverse Dollar ETF (UDN); a sell stop can be moved up to $25.

Quick Check Around the World

Asian trading closed with the Hang Seng 4.78%, India 5.10%, Nikkei 3.39%, Taiwan 3.28% and Shanghai 1.95%.

Glancing towards Europe, we see the CAC 1.32%, DAX 1.78%, FTSE 1.72%

As of 8:10 AM EST, S&P Futures are trading +22 to 786, and Nasdaq futures are +27 to 1215.

A Look At Commodities

Crude oil is trading +0.38 to 52.45. Gold is -4.30 to 951.90. Silver is unch at 13.840, and copper +5.50 to 185.10.

The dollar index is -0.390 to 83.9500.

On the Radar


10:00 Existing Home Sales
10:00 Existing Home Sales MoM

Click here for the full trading radar.

Happy Monday! Good luck today!

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Position in SPY

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