Daily Wrap-Up

Pre-market update: Asian markets traded 0.3% higher.  European markets are trading 0.3% lower.  US futures are trading 0.1% higher ahead of the market open.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), International Trade (8:30), Redbook (8:55), JOLTS (10) Technical Outlook (SPX): It is worth noting that we broke 3 points below

Economic Reports Due out (Times are EST): None Premarket Update (Updated 8:30am eastern): US Futures are down moderately. Asian markets saw gains of 0.8%.  European markets are trading -0.3% lower at the moment. Technical Outlook (S&P):

Side note: My apologies for the stray cat sounds in the back ground, but that is actually my wild three-year old, that I wasn't aware the mic was picking up until after I completed the taping. It actually adds a little bit of humor because I am completely oblivious to all the background noises taking

Big day in the market today, but there is a number of questions in my  mind that looms, casting doubt on the legitimacy of today’s rally, both from a daily perspective and an intraday perspective. On the daily charts, you’ll see that we failed to recapture the psychological 1200 mark that the markets need to