Markets had an impressive showing yesterday, several of them came right down to support levels and held. The NASDAQ is sitting right on top to the 20 day. The $IBB tested its former break out area and held. The $IWM held its 20 day and the SP-500 bounced off its 20. That may be the extent of our pullback. I have to say I have been impressed with the strength that is being displayed. I guess it comes down to>> Where else are you going to put your money? There was some sector rotation but the money flow is still strong. I am still cautious but it appears as though we are consolidating and could be building a nice base to continue our climb.
Morning movers and other stocks that caught my eye
$APPY pr great daily going to be a gapper, $GOGO earnings hot daily, $CTIC continuation, $IDRA nice daily pr, $CALL gapper off earnings, $DANG nice daily active premarket, $SCON pr daily is a little sloppy needs to break 3.50 with conviction, $DEPO earnings nice daily, $ETRM like the daily, $ARIA 50 day bounce, $JBLU nice daily pr, $DXM possible 50 day bounce has an earnings call today at 7 am, $UNIS Pr careful can pop and flop, $CBMX nice daily, $KNDI 20 day bounce?
Seeking Alpha
Today's Markets:
In Asia, Japan -0.1% to 14816. Hong Kong -0.7% to 21756. China +1.1% to 2019, India -0.4% to 21775.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude flat at $98.03. Gold +1.9% to $1372.70.
Ten-year Treasury Yield flat at 2.73%.
In Asia, Japan -0.1% to 14816. Hong Kong -0.7% to 21756. China +1.1% to 2019, India -0.4% to 21775.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude flat at $98.03. Gold +1.9% to $1372.70.
Ten-year Treasury Yield flat at 2.73%.
Today's economic calendar:
8:30 Retail Sales
8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:00 Business Inventories
10:00 Hearing: Nomination of Stanley Fischer as Vice Chairman of the Board of Governors of Federal Reserve
10:30 EIA Natural Gas Inventory
1:00 PM Results of $13B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Good luck today!
8:30 Retail Sales
8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:00 Business Inventories
10:00 Hearing: Nomination of Stanley Fischer as Vice Chairman of the Board of Governors of Federal Reserve
10:30 EIA Natural Gas Inventory
1:00 PM Results of $13B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
No comments:
Post a Comment