* MARKET THEMES FOR THURSDAY: The high momentum rising continued, fueled yesteryear positive net turn a profit news, equally averages challenged--and inward unopen to cases pierced--their prior bull marketplace position highs. The deed was accompanied yesteryear a weaker States of America dollar too firmer fossil oil prices. We had 708 novel 65-day highs too 73 lows, good off the June peak, only considerably stronger inward the yesteryear several days. Importantly, nosotros saw novel highs inward several advance-decline lines, including NYSE mutual stocks, the S&P 500 Index, too the NASDAQ 100 Index. This forcefulness supports the notion that the recent weakness was a correction inward an ongoing bull market.
* OVERSEAS/OVERNIGHT NUMBERS: 4:00 AM CT - EU, construction, unusual merchandise balance; 6:00 AM CT - Canada, CPI; 7:30 AM CT - Canada, Leading economical indicators.
* EARNINGS: BAC, C, GE
* WORTH READING:
-- Foreclosures more skilful reading;
-- Economic implications of Fed's operate out strategy;
-- What TIPS too Treasury yields more skilful reading;
-- Economic a housing bottom.
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