sp'daily5
Summary
*awaiting a wheel barrow of econ-data this morning...
--
So.. a little overnight weakness, but as usual... nothing significant.
Broadly, it still looks like the main market will rise into mid June. With it now looking that a rate rise is unlikely until at least Sept', it increasingly appears the market could rally all the way to Aug/Sept.
Eyes on the Nasdaq...
monthly'2, 20yr
A break above 5132 would be VERY significant.. and suggestive of another 7-10% higher across the summer, before the first chance of a sig' retrace. 5K is arguably in the process of solidifying as the new floor.
-
notable early mover.. BABA +0.9% in the $91s.. seemingly headed for $100.. given another month or two.
Best Buy (BBY) +7%... post earnings jump.
-
Have a good Thursday :)
-
8.34am.... NEWS... Lumber liquidators CEO resigns... LL -24% in the $19s, simply dire. The knife catchers cross the last few months are getting zeroed out.