Strong futures today off of FB sandbagging earnings but nevertheless, earnings very strong…in the 60s with sales almost up 50%.
Yesterday, another hold of the 200 day and longer-term support. BA helped big time…arguably the most important stock in the DOW and the NYSE.
Our theme remains. Major indices still in ping pong, back and forth mode. We continue to doubt lots of upside from these long term holds but will be open to anything.
ENERGY/OIL&GAS remain strongest area as oil prices remain strong.
And we are not even close to worried like others that the 10 year yield is over 3%.