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Fundamentals GDP came out this morning U.S. economy accelerated to 1.7% Businesses spent more and Federal government cut less
Last quarter growth was 1.1% Numbers were higher than expected
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
U.S. Stock Market Closed lower Third session in row Slowdown in China Uncertainty in world economy
Market can stay range bound for several more days. Keep in mind not all sectors are cooperating with the upside. This is not a broad market rally. Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Transports Are Still Lagging
The transports provide clues during important market levels. Right now they are telling us the rally in the broad market is very weak. Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Semiconductors Are Not Leading
Notice the different cycles the market goes through
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Bond Market Overreacts Again
Expect more volatility as week progresses Bonds are still in range bound cycle Consider support and resistance trades on hourly charts Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
The Aussie Breaks Down
Fundamentals from China can really push this market
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Crude Oil Waking Up Again
The positive U.S. news is also adding to the bullish volatility in the energy sector today
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
New Set Ups For Tomorrow 4x4 long - Ticker PWRD 4x4 long – Ticker DGI Place buy stop .10 cents above today’s high price If filled place protective stop .15 cents below today’s low price Keep positions to a minimum around these price levels because volatility is very choppy right now.
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.