Investors looking for catalyst – Video Update Tonight
Market hesitate as we await Apple earnings and the FOMC meeting conclusion tomorrow.
This was a market of many different stories and none of them unto themselves carries enough clout to disrupt the current trend off the February lows. As I stated in the morning research notes, the sellers didn’t take advantage of the opportunity given to them on Monday. Today the buyers failed to take advantage of a positive momentum for stocks. This leaves us in exactly the same place we left off last night… looking for a catalyst in either direction based on the headlines. As stated above there are two such events in the making in the next twenty-four hours. Patience as this all unfolds.
Below is a video update to what is currently in play and what is worth putting on your watch list going forward. I covered S&P 500 index, NASDAQ 100 index, SOX, TLT, TYX, TNX, the dollar (UUP), commodities DBC, DBA, DBB and emerging markets EEM… Yes, it was a lot… that’s why
I had to do the video too much to write!
Enjoy!
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