"My interest is in the future because I am going to spend the rest of my life there."
-- Charles F. Kettering
A psychic may be able to provide a forecast, but I wouldn't necessarily bet on it. If you enjoy astrology and are interested in how the stars and planetary positions may impact your 401K and investments, read The Merriman Market Analyst, a weekly report written by a financial astrologer that may provide some keen insights.
However, even more reliable is reviewing futures outside of market hours. Futures are contracts to buy a stock or group of stocks in an index at a predetermined date and price. The purchaser of a futures contract must fill the contract terms, unlike an option which is a right but not an obligation to buy. And futures are bought and sold, even outside of normal trading hours, so they can provide a little hint of what the upcoming trading day may bring at the opening bell.
Some of the futures websites I have been known to review before the market opens at 9:30 am ET are:
CNN
CNBC
Bloomberg
Wall Street Journal
These sites track the sale of futures contracts on a more-or-less real time basis, and that usually is what establishes a basis for the trading day.
All of that said, perhaps money in a mattress is the way to go these days. Dow futures are down over 200 points as of 7:30 am ET this morning. We have a nosediving market which has no mercy on small, buy-and-hold investors.
Legal disclaimer: The above hints and comments should not be construed as financial advice.
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