Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed. China lost 2.6% – the only index to move more than 1%. Europe is currently mixed – there are no 1% movers.
Futures here in the States suggest a gap up open for the cash market. …
Here’s the 15-min SPX chart. It rallied 55 points in 5 days. That doesn’t seem sustainable for very much longer until…
…you look at the 60-min and realize the index didn’t take many breaks between 875 and 1020.
I don’t think yesterday changed anything. The trend is up, but there are several warning signs. I’m not exactly going all in. Perhaps I’m being too conservative, but I’d rather be conservative right now and not make as much as I should on the way up than aggressive and lose a bunch if all the warnings play out. This is me. You do your own thing.
headlines at Yahoo Finance
stocks to watch from MarketWatch
today’s upgrades/downgrades
yesterday’s Sector Performance
this week’s Earnings Reports
this week’s Economic Numbers