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#China July Industrial Output +9.2% On Year Vs Market Expected +9.8%; +0.66% On Month [DJ]
#China July PPI -2.9% On Year; Market Expected -2.6% [DJ]
#China July CPI +1.8% On Year; Market Expected +1.7% [Dow Jones]
Presented by Gareth Soloway August 07, 2012 11:32AM
The markets are inching higher once again today. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $140.58, +0.96 (0.69%). This represents a master resistance level hit in the markets and predicts storm clouds and downside coming. The key to understanding the markets is to always go on the opposite side of the hype. The markets expect QE3 from the Federal Reserve, a major bond buying program from the ECB and more. This means these have already been factored into the markets based on the recent move up. Should they occur, the markets have already risen to include them. Should they not occur, the markets would crash. The risk is holding to the the upside while the greater reward is being short or in cash. Let this serve as a warning...
To get swing trades, proprietary market analysis and live broadcasts, videos and reports, take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite as they profit on every major market move.
Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
To get swing trades, proprietary market analysis and live broadcasts, videos and reports, take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite as they profit on every major market move.
Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
