murphysmoney.com » Investing http://murphysmoney.com Fri, 17 Oct 2008 14:43:40 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 “It don’t mean a thing (if it don’t got that swing)”–Duke Ellington http://murphysmoney.com/2008/06/16/it-dont-mean-a-thing-if-it-dont-got-that-swing-duke-ellington/ http://murphysmoney.com/2008/06/16/it-dont-mean-a-thing-if-it-dont-got-that-swing-duke-ellington/#comments Mon, 16 Jun 2008 16:05:47 +0000 Mike http://murphysmoney.com/2008/06/16/it-dont-mean-a-thing-if-it-dont-got-that-swing-duke-ellington/ And swing it will as the markets digest earnings news from Lehman and Adobe. Key Lehman execs met over the weekend, and there were more rumors being tossed around than in a daytime soap opera.

Today Federal Reserve Board Chairman Ben Bernanke will appear in front of the Senate’s health reform finance committee and the markets will be interested to hear what he has to say there. Also, PPI numbers are out tomorrow morning and I’d look for traders square positions before the close.

International markets trended higher last night and this morning and oil is again moving higher in early trading even though Saudi Arabia is set to boost production and OPEC is showing concerns that higher prices at the pumps are finally cutting the global appetite for oil. Watch oil prices as the markets are likely to play off any decline and move higher..

BIG EXPIRATION WEEK!! LOT’S OF VOLUME,VOLATILITY AND A HIGHER WEEK..

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