The Morning Look
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The Morning Look

Stock Market Overview:  Futures are up ahead of Wednesday’s open as stocks try to recover from Tuesday’s sell off. Gary’s Thoughts: Saw this headline: “Yesterday’s laggards are today’s leaders! Of course, we haven’t even opened yet. Commodities ruling the day!   Economic Data:  MBA Mortgage Applications 7 am EST Wholesale Trade Data 10 am EST EIA…

The Closing Look
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The Closing Look

Stocks fell on Tuesday alongside other so-called risk assets after China announced disappointing trade data. China’s decline in exports deepened in February which strengthened the case that more stimulus may be needed. Chinese exports fell -25.4% year over year which illustrates how weak global demand is. This was the largest decline since May 2009. Chinese imports also…

What was best is now worst and what was worst is now best!
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What was best is now worst and what was worst is now best!

The rally we called for on Feb 11-12 continues but we now believe that overall, markets are due to rest. Very simply, markets are beyond overbought. But the good news is that overbought will cause pullbacks but the fact things got so overbought is a good thing. But what interests us more is what is happening…