Look For Some Volatility Today — Here’s Why
It appears as though the
clouds may be parting on the horizon. Yahoo
(
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PowerRating) earning beat estimates, but the stock is down on concerns that the
recovery is still tepid at best. Secondly, the Bank of
England (BOE) shocked the markets with a cut in interest rates, again
citing the lack of global recovery. Is it possible that the market is a bit
ahead of itself here? Maybe, but I try not to predict — too difficult.Â
However, this may just be what the market needs to get some intra-day volatility
going. The trading range of recent sessions is beginning to get old.
| Support/Resistance Numbers for S&P and Nasdaq Futures |
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As always, feel free to send me your comments and
questions.
Dave