Market Update: Stock futures are higher ahead of Wednesday’s open as the market continues to rally. On Tuesday, the S&P 500 hit the highest level since July and is now above key resistance at 2,111. Gary’s Thoughts: The dollar smacked again this morning…oil, gold commodities again on the move. Here is what we wrote after…
Transportation Stocks: $IYT Housing Stocks: $XHB
Market Update: Stock futures are higher ahead of Tuesday’s open after Yellen made it clear that Friday’s dismal jobs report raised uncertainty regarding the economy. Gary’s Thoughts: Marginally up early. Paying attention to energy here off of yesterday’s move. Would love some sitting/pulling back. Economic Data: Productivity and costs Gallup US ECI Redbook Consumer Credit…
Stocks rallied nicely on Monday helping the Dow Jones Industrial Average and benchmark S&P 500 jump above near term areas of resistance and hit new highs for the year. Janet Yellen spoke on Monday and said Friday’s tepid Jobs Report created economic uncertainty which reduced the chance of a June rate hike. Oil stocks were…
Highlights: 1. Market Wrap 2. Gary breaks down the bullish action on Wall Street for you 3. Find out what major levels to watch for the market and how the major indices are approaching record highs
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