Good morning. Happy Wednesday.
This is going to be kept short because my computer keeps freezing up on me. At times it’s taking 30 seconds for a single page to load. 🙁
The Asian/Pacific markets closed mixed – there were no 1% movers.
Europe is currently mostly up – there’s one 1% gainer. …
Futures here in the States suggest a slightly up open for the cash market. This comes off a day the market gapped up and traded in a tight range all day.
The losses from last Tuesday’s big down day have now been recovered. The bulls got a little scare…a handful of decent shorts lined up, but they were only good for a couple days…it was certainly a reason to trim underperforming longs…yet here we are a week later with higher highs and higher lows still in place. The S&P is up 5 for Sep and is only 15 points from its high. That’s not bad. Here’s the daily.
And here’s the weekly. We have a rising wedge (bearish) butting up against a very thin trading zone where very little volume took place (there won’t be many traders looking to get out even within the zone).
That’s it for now. I’ll make more comments after the open. I gotta figure out why this computer is running so slow.
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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