sp'daily5
Summary
*awaiting jobs data and retail sales @ 8.30am
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So, we're set to open a little higher. Call the opening gains a sub'4 (of 3) bounce... but I'd still guess we'll see a further wave lower later today
First key target remains the giant sp'2000 threshold. That still seems possible.. whether late today, tomorrow, or even next Mon/Tuesday.
What should be clear to most equity bears, this down wave is not likely to last beyond next Wednesday's FOMC. The clock IS ticking!
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Good wishes For Thursday trading.
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8.31 retail sales +0.7%.. a little better than expected.
Equities reclaw back early gains, sp +8pts.
Oil has turned lower, -1.2%.. set to lose the $60 threshold this morning