Continue to Watch the Banking Sector
Banks closed at an all time high in yesterday’s session.
Look for Volatility in the Financial Sector
Financials make up 20.7% of the S&P 500, so Thursday’s earnings from LEH and BSC are critical for direction on the S&P’s.
Patiently Awaiting the Fed
Going into Tuesday the FOMC announcement will rule the day.
Watch for Tomorrow’s Fed Statement
Chairman Bernanke’s statement will be the cause for any market movement and the focus for us to trade around.
All Eyes Were on Today’s Jobs Report
Friday’s tone was set by the jobs data in the pre market.
Light Volume Was a Breather
Wednesday was a nice start, but continuation into Thursday ahead of the jobs data would be nice to see.
Watch for this Economic Report
Tuesday I will look for early pullback and the market will likely be nervously awaiting the ISM services.
Why I Expect More Selling Today
Friday left the day red, also closed the week red on the broader markets.
The Tug of War Continues
The marketets are full of indecision.
Do or Die Time for the Nasdaq
Without the Nasdaq stepping up we cannot get very far.
Look for GDP Data to Fuel Early Momentum
Look for buying interest early and for sustained momentum.
Monday’s Pullback was Fast and Furious
I think we can take out Monday’s lows and then find some buyers as a very possible setup into Tuesday…