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The Breakfast Briefing: Dow Futures Inch Lower After Record Run For Blue-Chip Stocks
Thought I'd piggyback Ted's opener (when I can write) since both are much along the same theme.
In checking the markets this morning as I write Asia-Pacific is down across the board while Europe trades mixed with Germany, Italy and the U K trading up. In the States stocks look to be down along with government bonds. The leading commodities this morning are lean hogs, lumber and gasoline.
Old_Skeet's market barometer now reads 131 well into the overbought area for the S&P 500 Index. All the data feeds except the earnings feed indicate the Index is overbought. Since, the market appears extended I look for a near term pullback and/or some sideways range bound movement. This past week the defensive sectors of utilities, health care, consumer staples and real estate lead.
Comments
Good morning @Ted and others.
Thought I'd piggyback Ted's opener (when I can write) since both are much along the same theme.
In checking the markets this morning as I write Asia-Pacific is down across the board while Europe trades mixed with Germany, Italy and the U K trading up. In the States stocks look to be down along with government bonds. The leading commodities this morning are lean hogs, lumber and gasoline.
http://markets.wsj.com/usoverview
http://finviz.com/futures.ashx
Old_Skeet's market barometer now reads 131 well into the overbought area for the S&P 500 Index. All the data feeds except the earnings feed indicate the Index is overbought. Since, the market appears extended I look for a near term pullback and/or some sideways range bound movement. This past week the defensive sectors of utilities, health care, consumer staples and real estate lead.
http://www.morningstar.com/market-valuation/market-fair-value-graph.aspx
So, what is driving this market? Most likely its earnings with a slew of companies reporting today.
https://biz.yahoo.com/research/earncal/today.html
http://fundamentalis.com/?p=6722
This Weeks Signal ... Small Caps
http://www.decisionmoose.com/Moosignal.html
StockTrader ... The Week That Was ... and, The Week Ahead
https://www.stocktrader.com/2017/02/26/weekly-market-recap-feb-26-2017/
Have a great day ... and, most of all I wish everyone "Good Investing."
Old_Skeet