Pre-market update (updated 7:00am eastern): Europe is trading mixed. Asian markets traded mixed as well. US futures are slightly higher. Economic reports due out (all times are eastern): Veteran’s Day – Banks closed. Technical Outlook (SPX): Initially, Friday’s action saw a respectable amount of buying take place. During the Obama speech on the
Pre-market update (updated 8:30am eastern): Europe is trading -0.8% lower. Asian markets traded -0.8% lower. US futures are moderately lower. Economic reports due out (all times are eastern): Import and Export Prices (8:30am), Consumer Sentiment (9:55am), Wholesale Trade (10am) Technical Outlook (SPX): SPX continued the push lower yesterday, with selling persistent throughout the day.
Short Lululemon at $70.00 with a Stop at $72.63 So far I’ve made one trade on the day and that is in Lululemon (LULU). So now I have a grand total of “2” short positions which includes SodaStream (SODA). I’m also stalking once again CheeseCake Factory (CAKE) in hopes of jumping in around $33.30
Stocks still lacking conviction and direction for swing trading I have to say, this is not an easy market to trade, which is one reason why I continue to tread lightly these past couple of weeks. There’s no sense on putting up heavy positions only for the market to knock them down. But I continue
Economic Reports Due out (Times are EST): NFIB Small Business Optimism Index (7:30am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am) Premarket Update (Updated 8:00am eastern): US futures are moderately lower ahead of the open. Asian markets, on average, finished higher by about 0.3%. European markets are trading in a flat/mixed fashion. Technical Outlook (S&P): S&P made a
It's been hard to find good long setups since Friday, and a lot of the past couple days' activity felt like a mass headfake. I went into 100% cash this morning and sat out the rest of the day. This past evening, I perused through about 200 of my closest charts, looking for easy-to-spot long setups.