Before the Market
S&P fair value is at +4.50. NASDAQ fair value is +7.00. The Dow posted it’s 11th out of 12 trading loss while the S&P 500 posted its 10th out 12 trading loss yesterday setting up the U.S. markets for
S&P fair value is at +4.50. NASDAQ fair value is +7.00. The Dow posted it’s 11th out of 12 trading loss while the S&P 500 posted its 10th out 12 trading loss yesterday setting up the U.S. markets for
Market took a pounding for the 10th day but a couple of brights spots can be found with today’s analyst upgrades.
U.S. markets started out flat but eventually gave into selling pressure to lock in the 10 loss in 12 days and a new multi month low.
Technical screens found another ETF that has confirmed a weekly triangle suggesting continuation of the current bearish trend. The pattern is confirmed with the Relative Strength Indicator (RSI) pushing below the trendline at the same time the moving average of the RSI is moving lower.
U.S. futures take it on the chin after the U.S. weekly jobs report
U.S. J0bless Claims
Wal-Mart reports earning ahead of the bell.
Breaking News – Fed Minutes
Breaking New April’s housing starts are out:
Breaking News – Target (TGT) out with earnings.
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