* MARKET THEMES FROM WEDNESDAY - We piece of job out along to direct maintain value at higher prices inwards stocks, alongside item forcefulness amidst economically sensitive issues. Traders are using dips every bit reasons to buy, alongside the potent overall lucre motion-picture demonstrate contributing to adventure appetite. That is besides showing upwards every bit theatre stone oil in addition to golden prices; a weakening dollar; in addition to firmness inwards Treasury rates. We direct maintain laid a two-day trading range, alongside continued weakening of forcefulness in addition to momentum to the upside. I volition live on watching those intermarket themes closely to guess short-term reckon in addition to the prospects for sustaining the recent rally. Given the weakening momentum in addition to drying upwards of volatility, I am non inclined to chase forcefulness unless it is clear that nosotros direct maintain expanded participation to the upside. That did non come about on Wednesday.
* OVERSEAS/OVERNIGHT NUMBERS - 3:00 AM CT - Italy, retail sales; 3:30 AM CT - Great Britain retail sales; iv AM CT - European Union merchandise balances.
* EARNINGS FOR THURSDAY - AMZN, AXP, BIDU, BMY, COF, CIT, CS, FITB, F, MCD, MMM, MSFT, NEM, NOC, OXY, RMBS, UPS
* WORTH READING:
-- Tracking a when banking stocks lag;
-- Spain's eye-raising housing glut.
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