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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are higher ahead of Tuesday’s open as bulls try their best to defend the 50 DMA line.

Gary’s Thoughts: Market (especially financials) in that area that needs to hold. Suspect it holds for now. Easy money continues!

Economic Data:

  • NFIB Small Business Optimism Index 6:00 AM ET
  • Redbook 8:55 AM ET
  • JOLTS 10:00 AM ET
  • Wholesale Trade 10:00 AM ET
  • 4-Week Bill Auction 11:30 AM ET
  • 3-Yr Note Auction 1:00 PM ET

Highlights Of The Day:

    • Elon Musk’s Tesla Strategy: Win Big by Falling Short
      Gary’s Thoughts: Huh?
    • A Slew of Commodities Fell Hard On Monday After China Reported Lousy Data
      Gary’s Thoughts: rIGGED!
    • Chris Christie Takes Broader Role in Trump Campaign
      Gary’s Thoughts: And we are supposed to be thrilled?