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The Morning Look

Stock Market Overview: 

Futures are slightly higher ahead of Monday’s open. Stocks rallied sharply over the past three weeks and are now trading near important areas of resistance (the 50 DMA line).

Gary’s Thoughts: Caerful! Google the words “eye of the hurricane!”

Economic Data: 

  • Chicago PMI 9:45 AM ET
  • Pending Home Sales Index 10:00 AM ET
  • Dallas Fed Mfg Survey 10:30 AM ET
  • Farm Prices 3:00 PM ET

Highlights Of The Day:

  • Spoiler Alert: G-20 Meeting Ends With A Stalemate
    Gary’s Thoughts: We wish they just go away. They are killing us.
  • Oil Crisis Spreads: Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
  • Gary’s Thoughts: Wait…there will be more!

One Comment

  1. If you looked 5hrs ago the Dow was just over a 100pts down…China selloff again. As it is the last day of the month, do you think window dressing still holds true. The S&P started this month at 1935ish

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