Stock Market Overview: Futures are up nicely ahead of Friday’s open and the GDP report. Stocks are higher after Wednesday’s very strong positive reversal. The next level of resistance to watch is Monday’s high and the 50 DMA line. Gary’s Thoughts: Gap to the upside as Dow/S&P back above 50 day as of yesterday’s close. Maximum…
Bloomberg: China sends a stimulus signal The People’s Bank of China tweaked the description of its monetary policy stance overnight, defining current policy as “prudent with a slight easing bias.” While the change may seem small, it is being viewed as a clear signal to markets when coupled with comments from Governor Zhou Xiaochuan in…
Bloomberg: RBS plummets Shares in Royal Bank of Scotland Group Plc fell as much as 12 percent in London trading after the bank reported a net loss of £1.98 billion ($2.77 billion), its eighth annual loss. The bank, in which the U.K. government has a majority stake, said that it expected income to decline at its…
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Sandoval does not want to be considered for high court: Reid aide Links between talcum and cancer inconclusive Wall St. edges up as factory data shines amid oil gloom Buffett annual letter comes amid ‘conspicuous’ performance lag FBI director, Apple general counsel to testify March 1: House panel
