* THEMES FROM MONDAY'S TRADING: Once i time again nosotros saw a "beach ball" 24-hour interval inward which stocks moved lower early exclusively to bounce dorsum upwards inward the afternoon. This is role of a consolidation of the recent meaning strength, as well as it shows that bulls stay on the sidelines using fifty-fifty small-scale weakness to purchase stocks. We saw firmness inward stone oil as well as gilt prices, merely the US dollar came off its lows as well as 10-year rates unopen higher (though off early highs). With 1388 stocks making fresh 65-day highs as well as exclusively 95 registering lows, marketplace forcefulness remains healthy. Upside momentum, however, remains sluggish, reflecting a multi-day trading gain that is nigh apparent inward the NASDAQ futures. This gain merchandise is the dominant moving painting going into Tuesday's market.
* OVERSEAS/OVERNIGHT NUMBERS: No major numbers overnight; 6:50 PM CT - Japan, retail sales.
* EARNINGS: BP, DB, HIT, SII, UHS, VLO
* WORTH READING:
-- End of the recession? and other fantabulous reads;
-- Communist People's Republic of China to depressing the VIX;
-- Interesting article on when the publish of stocks making novel highs lags equally cost rises.
.
No comments:
Post a Comment