This week I'm going to try to stay positioned long (even if only slightly long).
The main reason is the quarterly earnings kick off this coming week, starting with Alcoa on Wednesday, and then the big investment banks report next week (also coinciding with Option Expiration). A lot of bears I trade with are going into earnings season a little too confident, but I think these multinational companies can report top-line revenue simply because of the weak dollar for Q3. Take a look at the chart of…
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Posted on October 3, 2009 at 12:00pm — 2 Comments