One of those days when the wall street can fool you ! GOLD, VXX, XLB

The futures indicates that tomorrow stocks will open higher. Right now its shows DJI up by 165 points and S&P500 up by 18 points. So why this turn around after big sell off ? Wall street always try to engulf as many people money as possible, the game is ON. Again many might have shorted hoping that the uncertianity in Greece has risen after referendum news. If the Greece Government fails to get vote, which is more likely to happen as there are 10 people in the government not in favor of Greek PM. Greek government needs 151 vote out of 300 on or by Friday. With 10 people voting against the government, there is 99.99% chance of Greece government failing.

Now take the other side if Greece government passes the vote, then the referendum goes to public voting in December. So is this a good news ?

Further news is coming out there is pressue on Italian President  Berlusconi  to quit or do the reform.

Then Super committee in US has deadline of Nov 23rd.

There is nothing in this market to be bullish off. 

As published in my previous article

http://www.freefdawatchlist.com/2011/10/game-plan-for-oct-31st-nov-4th-vxx-fxe.html

VXX made big rally from $37 to $47 today.

The basic thumb rule of making profit is if you invest $100, then decide how much profit is enough for you. Set profit target for example $10 in 2 days time and so on. Remember its very difficult to make $100 profit investing $100 in one day but it is possible to make $5 a day for 20 day to make $100.

Again GOLD will be safe haven as of now. Don't invest in any individual stocks before Nov 23rd if you plan to hold for long term.

Don't loose any money in this Volatile market as in December we will  see the biggest rally month of this year.....!!! A penny saved is penny earned.


Stocks to watch out tomorrow are: VXX, FAZ, ERY, GLD, EEM, FXE, DMND, OPEN, QUIK, MXIM

Keep this timing in mind for today while purchasing or selling any stocks.
MBA Purchase Applications
7:00 AM ET

Challenger Job-Cut Report
7:30 AM ET

ADP Employment Report
8:15 AM ET

Treasury Refunding Announcement
9:00 AM ET

3-Yr Note Announcement
9:00 AM ET

10-Yr Note Announcement
9:00 AM ET

30-Yr Bond Announcement
9:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

FOMC Meeting Announcement
12:30 PM ET

Chairman Press Conference
2:15 PM ET

The firework is about to start in stock market today.