Good morning. Happy Monday. Hope you had a nice weekend.
The Asian/Pacific markets closed mixed. Europe is up across the board. Futures here in the States point towards a flat open for the cash market.
By virtue of last Mon-Thurs selling pressure, sentiment is down, but overall the market is unchanged from over the last 5 weeks. The market goes up, the bulls get excited. The market goes down, the bears get excited. A few weeks later the market is unchanged.
This week we have the end of the month and quarter (Wednesday) and then employment numbers (Friday) and then a 3-day weekend (the market is closed Monday, July 5).
In my eyes, the market is currently in no-man’s land. It’s in the bottom half of its recent high and low range but close to the middle. Here’s the SPX 60-min chart.
Short term I don’t see obvious support or resistance to work with, so for me, trades are short term until more clarity is achieved. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers
2 thoughts on “Before the Open (Jun 28)”