Top Reads for Thursday
Stock futures were falling over the extended Presidents Day Weekend before finding their footing. Stocks look to open the trading week relatively flat from last weeks close. Greece, after years of creating chaos in the market, is not scaring anyone these days.
Here are some great articles to start off your morning with:
Another day, another Central Bank move has lifted stock futures higher. .. go figure. Greece negotiations will resume Monday, stock futures initially rallied on that news, but then fell, but not for long. The BOE is this morning's headliner with more, just buy it baby, type talk. Stock futures are now up .5% . Crude oil is recovering. It's been a nasty two day slide for crude, with some $19 puts on Monday going for over $1.00. The short term 'crash' I was looking for came to fruition. Looks like the Central Banks don't mind letting a few things fall.... which is nice.
Here is what I am reading this morning.
Stock futures are lower to start the week. Crude oil is selling off sharply, while the US Dollar is rallying to fresh 9 year highs.
What will the market give out this week? Will we see a rally? Or will stocks continue to pull back?
$SPY should find support......
Stock futures are trading lower to start the last week of 2014. Seasonality is still working as stocks continue to grind higher. This mornings dip will likely become what every dip since the lows in March 2009 has become.... a great buying opportunity.
Here is what I am reading this morning: