Good morning. Happy Friday.
The Asian/Pacific markets closed mostly down – there were no big losers. Europe is currently down across the board with relatively smallish losses. Futures here in the States point towards a gap down open for the cash market.
It’s been a trying week for the bulls. It started with a mini uptrend in place, and after some follow through Monday, we’ve had 3 days of selling. The losses aren’t great, but they’ve been enough to shake the confidence of the bulls.
Here’s the weekly S&P…not what the bulls were hoping for coming off a week that closed above 1100.
If the market is strong, if the S&P is going to move up to 1200, the bulls need to step up soon. A little give back is fine. A big give back is not. Play good defense here, and watch for a possible washout soon. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers
0 thoughts on “Before the Open (Jul 30)”
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It’s not my outlook that matters it’s what I perceive the market’s outlook to be. You seem to be a bit Narcissistic.
lol, you certainly bring color to this blog Neal! Anyway I’m a proponent of eating more fish, easy on the smoked meat.