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Thursday’s Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are quiet before Thursday’s open as investors cheer Trump’s policies, continue to digest a slew of earnings and wait for the first read on Q4 GDP on Friday.

Gary’s Thoughts: Futures up a wee bit. That was a very good breakout yesterday for the Dow and S&P 500. Until it fails, one probably wants to respect it. Tonight, we will publish for you all the strong gaps to the upside as well as the weak gaps to the downside for your review. Have a great day.

 

Economic Calendar:

  • International Trade in Goods 8:30 AM ET
  •  Jobless Claims 8:30 AM ET
  • Chicago Fed National Activity Index 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • PMI Services Flash 9:45 AM ET
  • New Home Sales 10:00 AM ET
  • Leading Indicators 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Kansas City Fed Manufacturing Index 11:00 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights:

  • Trump Moves to Act on Border Wall, Crack Down on Immigration
    Gary’s Thoughts: The dude ain’t kidding.
  • Mark Zuckerberg Says He’s Not Running For President
    Gary’s Thoughts: If you were Mark Zuckerberg would you run for president?

One Comment

  1. EOM ( end of month ) should hold the market up.
    After, in February….. ,
    I dunno.

    We are extended, with major breakouts in Spy/Dia now above support.
    My other indexes are 50day + so that is more support under the market.

    My two secret indicators are telling me we could pull back on the 15 min chart, but we are rather safe on the daily

    Yoda’s mind connects to the force; we could stall here, but any pull back before EOM…………,not likely.

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