Your Personal Trader

Lots of DJIM`s hitting on all cylinders today to new highs, NZ,NFLX,GMCR,HLF APKT..also LVS,NTAP PCLN FFIV.

ROVI 44.60, lining up

Nice rally reversal in FTSE off -.8% start, ECB likely buying up countries debt/ stepping up bond buy program.

Some speculation Obie/WH considering emergency 2nd stimulus, market may be disappointed if no hints given this morning.

Anyway not a bad place to rest as we hit 1105, just under SPX-1108 noted today..

Next round of buying should hit if TSY gets over 2.65%/ TNX 26.50. That's the hold up with or without NFP on deck.

Just watch the $TNX heading into Tuesday's gap, Ben blew them out today.

Last weeks FTNT security alert play has materialized nicely!!

Bought NZ off huge guidance/earnings , storage play as well

Mkt couldn't turn green yesterday, if does today it will likely trigger different end result.

SPX hit April down trendline this morning, finding footing since which could bring another round of short covering if it this doesn't fold soon. If it does it may turn into a bullish reversal in hope of Bernanke on Friday.

This won't help..very divided FED

WSJ – says that the Aug 10 FOMC meeting was among the most contentious in Bernanke’s history as chairman; at least 7 of the 17 Fed officials were against the decision to reinvest maturing MBS into TSYs or expressed reservations about the plan. The Journal says that officials at the NY Fed were concerned that ultra-low mortgage rates would cause the Fed portfolio to shrink faster than anticipated b/c of refinancings,this in turn would result in a faster than expected contraction in the Fed’s balance sheet. Fed projections indicated that the balance sheet would fall by 20% through the end of ’11, a contraction that many weren’t comfortable with. Some officials were uncomfortable w/the move, worrying that it was sending a mixed message to markets & may wind up doing more harm than good (which it wound up doing).

FTNT, good chart and may fall some into INTC/MFE news

Good- no July Q end techs echoed CSCO/Chambers last night (although HPQ DELL MRVL tonight can change things), Asian mkts strong (Japan stimulus speculation, Europe, Germany, UK good data, Greece meets conditions for next aid, M&A INTC/MFE, Options expr tomorrow may help hold mkt.

Bad- Initial Claims, double dip talk will intensify sooner than later, this also means next NFP# will be negative again. Chance here is # 'no worse than feared" takes over short term and the 'good' outweighs this number.