Securities Research Services

Wednesday, March 28, 2007

Fed Watch Again Today

The Fed chair speaks today, which is likely to be another market mover. Put buyers continue to keep a floor under the market. Any kind of strength has the potential to trigger another short squeeze like the one we saw last week. Scans continue to produce more longs than shorts, so we remain tentatively bullish just as outlined in yesterday’s remarks.

2 comments:

wez said...

is it for real? i think no one from fed speaks today and we only expect a 2007.02 report one hour before market opening. regard.

SRSFinance said...

Bernanke testifies before a congressional committee this morning. We don't have the exact time.