Retail Sales were bad enough to stop the SPY and the DIA-the Q's are still riding the INTC news, but 2/3 and consider that the markets move together... eventually. So I'm not recommending to do anything this am, not to short more, not to cover, just be patient, unless we start taking out support or resistance levels, just be patient.
Earnings season is always a wild card, and now the wild card is how much did this GDP report mean to the market, we are about to find out.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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