The Morning Look
Stock Market Overview:
Futures are relatively quiet ahead of Friday’s open as investors digest the latest round of earnings data.
Gary’s Thoughts: Even with Goog,sbux,v…all’s quiet.
Economic Data:
- PMI Manufacturing Index Flash 9:45 AM ETBaker-Hughes Rig Count 1:00 PM ET
Highlights Of The Day:
- Prince Passed Away At The Very Young Age of 57
Gary’s Thoughts: Will have comment over the weekend. One of the great icons! - FBI’s Apple Hack Cost More Than a Million Dollars
Gary’s Thoughts: Chump change.
FBI is probably factoring in the cost of their filed lawsuit, which they realized they would lose. They always had a way in to the phone.
The market was acting like it wanted a fall yesterday ( Thursday ), but today, not so much, I have an indicator which is saying this mini pull back is done.
OAL; the same indicator is saying we will pull back, and in a rather big way, and the big money knows it, just not yet.
This topping and holding of the market, could be end of month window dressing, and we pull back in may I dunno.
I am short SPY, maybe not for much longer.