The Morning Look
Stock Market Overview:
Futures are higher ahead of Tuesday’s open. Today is Super Tuesday and the first trading day for the new month.
Gary’s Thoughts: And the gap to reverse all the selling yesterday as more easy money talk pervades the air.
Economic Data:
- Motor Vehicle Sales
- Redbook 8:55 AM ET
- PMI Manufacturing Index 9:45 AM ET
- ISM Mfg Index 10:00 AM ET
- Construction Spending 10:00 AM ET
- Gallup US ECI 2:00 PM ET
Highlights Of The Day:
- Argentina Reaches Debt Accord With Holdouts After 15-Year Battle
Gary’s Thoughts: That crap still going on? - Pending Sales of U.S. Existing Homes Fall by Most in Two Years
Gary’s Thoughts: It’s all good!
Question is: Will this cause a sustained breakout? or will this give an opportunity for longs to jump ship?
If we are in a bear market, wouldn’t this be a great time to start putting out shorts?
A Retired Pro Floor Trader