We are watching Europe closely. Numbers coming out are not very good…and that is being nice. Recession probability going up. The problem is they have no ammo as they still have negative rates and have not stopped the printing presses yet.
We may have hit a wall in here. We saw some momentum indicators stall in the last day. This does not have to mean the end of the world. Corrections/pullbacks do occur. We will know more on how this is pulled back.
The SEMIS were strong yesterday. Watch them. If they lead, market has very little chance of getting in big trouble.
Watch BA…again the leading DOW name.
CMG, IRBT, MTCH up this morning. STI/BBT doing a merger and up nicely.
FEYE, NXPI, TWTR, FCAU, TPR, PRLB and a few others down on numbers.