Good morning. Happy Wednesday.
The Asian/Pacific markets closed mostly up; China gained almost 2%. Europe is currently down across the board; there are a couple 1% losers. Futures here in the States are down slightly. …
This week has been pretty uneventful so far. A gap up and rally Monday got sold into; the gap was filled, and the market closed down slightly. A gap up and rally Tuesday got sold into, and the market closed up slightly. Other than the opening minutes last Friday, the SPX has traded in a 15-point range. Here’s the 15-min SPY chart. Yesterday’s gap and last Friday’s gap remain upfilled.
My attitude/opinions/trading haven’t changed. The trend is up, so I favor the long side, but there are enough warnings to keep me in conservative mode. Trade the good ones only, and take partial profits when available. More after the open.
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
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