* THEMES FROM WEDNESDAY'S TRADE - On the heels of a steep driblet inwards China's portion market, nosotros saw an unwinding of many of the adventure trades. The US dollar rallied vs. the euro together with commodity prices tumbled. Despite these dynamics, the US stock marketplace held higher upwardly its overnight lows together with turned inwards a hit jump performance. This likewise kept us higher upwardly the 7/24 lows together with inside the multiday trading range. I idea that this was a especially resilient surgical physical care for for stocks; equally long equally nosotros concur higher upwardly the Midweek overnight lows, I await to run into us testing bull highs together with the grand degree inwards SPX earlier long. Failure to concur those lows would stand upwardly for fresh selling pressure level together with a interruption inwards the multiday range, suggesting a potentially to a greater extent than pregnant correction to the recent rise.
* OVERSEAS/OVERNIGHT NUMBERS: 2:50 AM CT - Germany, unemployment; 4:00 AM CT - EU, economical sentiment; 7:30 AM CT - Canada, industrial together with raw fabric cost indexes; 6:30 PM CT - Japan, CPI, unemployment, solid spending.
* EARNINGS: ALU, AZN, CI, EK, XOM, FTE, GT, HP, K, MA, MET, MOT, NWL, NYX, SNE, TEN.
* WORTH READING:
-- Mean reversion trading strategies aren't working together with thus well;
-- H5N1 expert expression at split troubled banks to detect buyers;
-- Nice review of ETFs.
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