Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed with an upward bias. China gained 1.4%.
Europe is currently mixed – there are no standout winners or losers.
Futrues here in the States suggest a flat open….
Here’s the S&P chart. It has rallied 6 consecutive days and got within a point or so of its high. A continuation of the move comes with no fireworks, but sideways movement or a brief pullback would set the stage for a more explosive move.
Here’s the Dow. I don’t follow it closely, but the media does and with it getting within 70 points of 10,000, you can be sure something big happens at that level – either a blow off top or hysterical squeeze as Joe Public buys and fuels the next leg up.
Be on your toes. October is an active month. I doubt the market sits here. We either leg up again or come down semi hard after a false breakout.
And of course this is earnings season. No entering or holding into a report. That’s gambling, not trading (unless you do it with options where your max loss is locked in place).
More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
yesterday’s Sector Performance
this week’s Earnings Reports
this week’s Economic Numbers
open a real-time futures demo account at…
