Stock futures are down 6 in S&P 500 & Nasdaq.....
ISM data of above 50 will give lift to the market as it will mark the return of GROWTH in the economy......
US$ is stronger ahead of Strong ISM number...
Oil is flat ..expect it to move higher after ISM data...
Housing number will also provide support to the market.....
PS...I have to step out until closing hour..so will not be able to post around noon....
Next post around 9PM EST today....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
See what happens when you leave for a few minutes! Market sells off! :)
Baltic Dry Index (BDI) +2 2423 Flat
Market internals very weak.
1st step down?
Best Regards
Hi Standards,
Just got back.....2% decline is part of this bull run.....I am always ready for 3% decline...
Today's selling removed much of the FROTH from this market.....some were ready to sell @ first sign of weakness.....
BDI+2 after steep decline is not saying much....
Saleem
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