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The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are up ahead of Wednesday’s open as the market is bouncing from oversold levels and investors digest Friday and Monday’s steep sell-off.

Gary’s Thoughts: And another gap to the upside. Wasn’t the past few days fun? As we said, end of quarter, pre-holiday, massively stretched and oversold and a big dose of bearishness will get the market to rally back some but just letting you know, we are reading a little too much that everything is back to being fine.

Economic Data:

  • MBA Mortgage Applications 7:00 AM ET
  • Personal Income and Outlays 8:30 AM ET
  • Pending Home Sales Index 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Farm Prices 3:00 PM ET

Highlights:

  • Awful Terror Attack at Turkey’s Airport!
    Gary’s Thoughts: Those that do not value their own life have to be destroyed before they destroy.
  • EU Chiefs ‘Held Hostage’ Tell Cameron to Lay Out Brexit Plan
    Gary’s Thoughts: EU chiefs are morons.

One Comment

  1. We are breaking back above the 50 day+ with my indicators..
    Another day or so, and all will be back above them.

    Cept xlf….

    XLF !
    That means the fed is watching…!
    They print the money. IE: They shit out the Jew poo..

    Jew poo is what makes the market go up..

    Will the fed poop up the market ?
    Will the fed not poop up the market ?

    Dunnoooo…

    If I were the fed, I would let the market cool into the summer, then poop a big rally into the elections.
    Butt.. I am not the fed, and I have no poop.. in this fight, so,,,

    all I can do is watch..

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