* MARKET THEMES FROM THURSDAY: After around pre-opening weakness, stocks 1 time once again caught a bid as well as traded higher during the morning. Volume dried upwardly equally the solar daytime progressed, simply buying pressure level remained potent for the session. The S&P 500 e-mini (ES) futures made fresh highs slow inward the afternoon, simply at that topographic point were non-confirmations from several sectors, equally good equally from the advance-decline line. This had me questioning the vigor of the rally toward day's end. Another inquiry ambit was that, equally stocks made novel highs, nosotros did non encounter comparable line with commodities. Ten-year yields unopen off their highs, equally well. I proceed to sentiment the electrical flow activeness equally business office of an extended topping procedure inward stocks; if the non-confirmations examine significant, as well as therefore nosotros should likewise last seeing around short-term topping.
* OVERSEAS/OVERNIGHT NUMBERS: No major reports scheduled.
* EARNINGS: ANN, SJM
* WORTH READING:
-- Emerging economies Housing won't bottom until slow 2010?
-- Inflation not looking similar a threat;
-- No bottom inward sight for non-residential construction;
-- Recovery based on an addiction to debt;
-- Trading a intermission inward resistance;
-- Thoughts on a two-track economy;
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