{"id":9217,"date":"2011-01-12T09:00:22","date_gmt":"2011-01-12T14:00:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=9217"},"modified":"2011-01-12T09:10:04","modified_gmt":"2011-01-12T14:10:04","slug":"morning-thoughts-112","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-112","title":{"rendered":"Morning Thoughts 1\/12"},"content":{"rendered":"<p>Good morning traders,<\/p>\n<ul>\n<li>Strong followthrough day in Europe (Spain +5%, Germany + 2.2%), with all of Asia up as well (South Korea leading +1.4%).\u00a0 Also seeing good strength in Russia (+2.8% = 5 standard deviations&#8230; a big move for this market) and Greece (+5.7%).\u00a0 In fact, the only world markets flat to down are Dubai and Israel.<\/li>\n<li>Swing traders need to be on guard for potential failure of an upside breakout.\u00a0 It probably makes sense to &#8220;go with&#8221; such a breakout, but be very quick to admit you are wrong if it is reversed the next day.<\/li>\n<li>Some of yesterday&#8217;s decline in the AUD has been erased overnight (AUDNZD, AUDJPY).\u00a0 Canadian Dollar looks to be especially strong, with the USDCAD slipping below parity and to 2 year lows.\u00a0 Net impact on US Dollar Index is slightly negative this morning.<\/li>\n<li>Some energy futures made 52 week (roll-adjusted) highs overnight, and continue to trade up with the exception of RBOB.\u00a0 Watch the petroleum number at 10:30 today.\u00a0 Looking like some potential followthrough in precious metals, which were not quite able to put the move together yesterday I was looking for.\u00a0 Watch Platinum and Palladium for leadership on this turn.\u00a0 As I said yesterday, individual metals and mining names are not, for the most part, set up for clean moves.\u00a0 Foodstuffs (CSCE softs, Chicago grains) are also up across the board in early trading.<\/li>\n<li>Some individual names that may be in play early today are LULU, STD, LVS and CLF.\u00a0 Watch for some second day plays in Materials (especially Coal), and definitely worth keeping an eye on Financials as well.\u00a0 Lastly, Education names may continue to offer some opportunity today.\u00a0 This is a big list, so it will be important to narrow it down to what is really in play early on.\u00a0 I will tweet the SMB Radar&#8217;s in play list at 9:45 this morning, which always helps in that regard.<\/li>\n<li>The big wildcard today is Energy sector stocks.\u00a0 A continued rally in crude could really put the sector in play.\u00a0 Services names (OIH constituents) led yesterday, but definitely keep the whole sector on the radar this morning.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.twitter.com\/AdamG_SMB\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"Follow AdamG_SMB on Twitter\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders, Strong followthrough day in Europe (Spain +5%, Germany + 2.2%), with all of Asia up as well (South Korea leading +1.4%).\u00a0 Also seeing good strength in Russia (+2.8% = 5 standard deviations&#8230; a big move for this market) and Greece (+5.7%).\u00a0 In fact, the only world markets flat to down are Dubai and Israel. Swing traders need &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-112\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":388,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9217","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Thoughts 1\/12 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-112\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Thoughts 1\/12 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders, Strong followthrough day in Europe (Spain +5%, Germany + 2.2%), with all of Asia up as well (South Korea leading +1.4%).\u00a0 Also seeing good strength in Russia (+2.8% = 5 standard deviations&#8230; a big move for this market) and Greece (+5.7%).\u00a0 In fact, the only world markets flat to down are Dubai and Israel. Swing traders need ... 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