* MARKET THEMES FROM MONDAY - H5N1 steep drib inwards overnight stock index futures carried over to sustained selling pressure level during the day, taking stocks to multi-day lows. Defensive themes dominated amid the sectors; nosotros besides saw commodity weakness, a drib inwards 10-year Treasury rates, in addition to forcefulness inwards the U.S.A. dollar. In short, in that location was wide net turn a profit taking amid jeopardy assets, alongside notable weakness amid the emerging markets. We saw almost 226 stocks brand fresh 20-day highs, against 1022 lows; exclusively 47% of SPX stocks are similar a shot trading to a higher house their 20-day moving averages. That is the weakest degree since the early on July lows. We convey moved from what I before described equally extended topping to actual short-term marketplace correction.
* OVERSEAS/OVERNIGHT NUMBERS: 3:30 AM CT - UK, CPI; 4:00 AM CT - Germany, ZEW survey of economical conditions.
* EARNINGS: HPQ, HD, TGT, TJX
* WORTH READING:
-- Ten first-class rules for sports psychology in addition to trading;
-- Outlooks for recovery; led past times upper-case missive of the alphabet spending, non consumer spending;
-- Interesting thoughts on vertical thinking amid quant blogs;
-- Problems alongside valuation of UNG and other practiced reads;
-- America's banks looking similar Japan's and to a greater extent than insightful links.
.
No comments:
Post a Comment