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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are higher ahead of Monday’s open after the bulls showed up and defended the 50 DMA line on Friday.

Gary’s Thoughts: Considering the Dax, not much higher…but things are not open yet.

Economic Data:

  • Charles Evans Speaks 5:10 AM ET
  • Labor Market Conditions Index 10:00 AM ET
  • TD Ameritrade IMX 12:30 PM ET
  • Neel Kashkari Speaks 1:00 PM ET

Highlights Of The Day:

    • Another round of earnings will be released this week: Disney, Ralph Lauren, Nordstrom, Macy’s, Wendy’s, Nissan, Electronic Arts, Toyota, Allianz, just to name  few
      Gary’s Thoughts: But most of the biggies have reported.
    • The bulls showed up last week and defended the 50 DMA line for the many important areas in the market
      Gary’s Thoughts: It had better hold because we are seeing deterioration.