Most Anticipated Week Of The Year

All eyes are on the FED rate decision this Tue. This is one of the most "controversial" Fed meeting in my opinion because I'm hearing a diverse group of camps out there. Some feel that Fed should keep rate @ 5.25%; some think 5.0% is expected; others are more aggressive and hope for 4.75%. Me thinks it doesn't matter. We as traders, are not here to speculate, but to trade along side the market. I would advise you to set a tight trail stop for swing positions or close them out prior to 2pm ET on Tue. I won't consider initiating any new swing positions until after mid week for the dust to settle. Yes, I'm risk adverse. Oh and by the way, there is a whole lot of speeches again by VIPs and did I tell you this Fri is also Options Expiration Day? One more thing: The big investment banks are also reporting earnings this week. Can it get any more exciting than that?

Mon: NY Empire State Index, Alan Greenspan Speaks (note: Greenspan will be making several public appearances to promote his recently published book), Treasury Sec Paulson speaks
Notable Earnings: ADBE

Tue: PPI, FOMC Policy Statement, Japan interest rate annoucement (tentative)
Notable Earnings: AZO, BBY, DRI, LEH

Wed: Building Permits, Housing Starts, CPI, BOE Monetary Policy Committee (MPC) Meeting Minutes
Notable Earnings: MS, DBRN

Thurs: Fed Chairman Speaks (about Subprime problems), Leading Indicators, Phil Fed
Notable Earnings: BSC, CC, GS, NKE, ORCL, TEK

Fri: Options Expiration Day

Tags:simplyoptionstrader, earnings, economic calendar, Fed rate