The Federal Reserve will be making comments later this week so trading may be slow until then. Unless economic data comes in strong or misses its target it is wise to sit on the sidelines until the Fed announces its plans.

Tyson announced an 89% rise in income which seems a little high. But sales were down significantly due to many people not dining out. Production costs also played a factor in the company’s downturn over the past few years.

An article this morning mentioned stagflation! This trader mentioned that a recession is typically followed by little to no growth for 3-5 years. The problem is there are so many variables in the present world that past results cannot be used to define the current economic situation. Many economists like to look backwards to see if a certain mold can be used. The books could be rewritten at any time on economic theory.

Germany announced data this morning that sparked a small rally, however, it was short lived as the Fed may downgrade the U.S. recovery from the recession. Throwing money at the world’s problems could catch up to the consumer at a later date. Be prepared for a trade recommendation as Fed announcements typically cause a swing in the market.

You just view the review by PitGuru Frank LaMantia. You may already note down information necessary for your trading week. I will be back with you guys. Hope you have a successful week!


Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.

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