Before the Open (Aug 28)

Good morning. Happy Friday.
It’s been a pretty uneventful week. After a big options expiration run up last week, the bulls haven’t budged. They keep holding their ground. Dips get bought, and this week, rallies have gotten sold. Here’s the SPX 10-min chart. Other than the opening minutes last Friday and a brief move down yesterday morning, the index has been range bound for 5 days. …

Banks are trading constructively.

Retailers continues to do well.

Even the home builders just made a new high 2 days ago.

China is resting. We’re about to find out if we follow China or if China follows us.

The trend is up, but we’re heading into what is typically the worst month of the year. My bias remains to the upside, but I’m not being super aggressive.
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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