sp'60min
Summary
*awaiting PMI service and consumer sentiment data later this morning
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Ford (F) earnings - missed, stock -2.3% in the upper 15s.
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So, we're set to open a little lower.
Notably, there remain geo-political 'rumblings' in the Ukraine, but that sure hasn't much helped the equity bears lately.
What matters more than anything though is price, and the broader weekly index cycles are suggestive of at least a few more weeks of upside, and that will get us comfortably into early May.
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Friday update from Hunter
I would certainly agree that China/Japan remains a major simmering issue - more important than the Ukraine in my view. China wants those rocks...and what is underneath.
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Good wishes for Friday..its almost the weekend!
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9.00am... Notable weakness in AMZN, -5%. I guess a PE ratio of 320 is a little pricey for Mr Market?
*I'm looking at STX, as my next earnings play. Great company, although the setup is not as good as RIG/CHK. hmm
9.37am.. minor morning washout.... little reason why this will last.
AMZN -8%...which is certainly amusing to see, but even there, the momo chasers might appear pretty soon.
9.42am.. LONG STX, from the 53.50s.. will likely hold across next week or two.