After yesterday’s sell-off, it would make sense that we see for us to see further follow through today – but when has the market ever made sense, right? Nonetheless, we have some major selling going on overseas with Asian markets trading down as much as 1.3% and European markets down as much as 1.7%.
Right now we got US Futures trading flat with the Dow trading up 1 point, the NASDAQ down 2.25, and the S&P trading down 0.5. So no clear direction yet from the indices as to where this market is going as of yet.We do have some reports coming out this morning with Goldman Store Sales, Redbook, Case-Shiller House Pricing Index, and Consumer Confidence. There is also a ton of earnings reports coming out too.
Make sure to read my article from last night about trading ideas surrounding Gold and Oil.
Here are Today’s Trade Setups…
Bullish Candle Setups: ANDE, TNL, ZRAN, PROJ, HCS, DDE, RUSHA, SFN, MYE, ARCC
Bearish Candle Setups: DLLR, PIKE
Ready to Bounce: TTM
Ready for a Pullback: IDI, MTZ
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