Dollar Decline Plays
With the dollar downward spiral, there are a few companies that benefit the most, and based on their current strength, they should continue to do great with further deterioration from the dollar decline. (Oh, and their stocks are really good too
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FXE: Just looks so bullish, despite the previous leg up. The Fed may not cut as much as the markets think, so the dollar may show some strength toward the end of next week.
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GOOG: Look at the SMA support for an entry.
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NYX: Look at the 10/20 SMA for an entry.
GS: I would have liked to see it touch 210 before an entry, but with its strength (despite index weakness) I do not know if that is going to happen.
KO: The company is doing things right, and greatly benefits from a week dollar to Euro. The chart has been so solid, I do not know if a worthy pullback will be seen.
MCD: My least favorite only because it is pretty pricey, but if growth is there, obviously it will not be considered pricey here.
As stated above, I do not think the Fed will cut as much as the markets think, assuming they cut at all. If the markets are disappointed, the buying opportunity will be toward the end of the week.