Wow wowowowowowow First it was Macy's then it was Kohl's and tonight after hours Nordstrom misses as the stock falls over 10% after the close.....retail is suffering big time.. Stores are closing left and right office depot and staples aren't getting the merger they both wished for and aeropostale filed bankruptcy protection.... It is not looking good for retail... All I know is if you are paying full retail price for any merchandise on the floor of any of these big box retailers you are a fool. Wait wait wait for the sale ...that's what I do and save lots and lots of money when I have to buy anything from shoes to clothing from a car to a toaster.
Going long YM at 17669.00 for the overnight ramp up. Tomorrow Friday it's going to be an up day. Stop at 17632.00 profit target 17748.00.......So easy just watch as the free money lines my pockets.
You have an answer for everything it seems. I'll give you a tip, buy index futures now, it's risk free money. Sell tomorrow afternoon.
The overnight ramp hasn't been the "thing" in recent times...Now it's the European close ramp...in fact during the April "spring to life" rally, the market would open weaker many mornings only to be panic bought in the first hour of the day...Basically, it's been a heck of alot of work to get this thing back to unchanged over the past year (just look at the actions of all the CB's, the jawboning, etc, etc)
Ah shucks, Friday will still be an up day, just watch. the low was put in at 17600 now it will rise into the lunch hour.....well off the lows crys CNBC
Watch the support levels on the S$P.....right around its 50 day moving average is 2055, we might close below that today ...could drop to its 200 day once it closes below its 50 day average ...its 200 day is 2012 a drop below that and will probably be back at the lows we saw in early 2016.