Morning Market Look For 9/10/13 -Go Nazzy!!!

usb 300x183 Morning Market Look For 9/10/13  Go Nazzy!!!

Futures are flying this morning as mother Russia comes to the rescue over Syria. Yippee!! The tradeoff will probably involve Putin telling Obama that he must allow Assad to stay in power. What evs.  The market is loving it. Russia is proposing that Syria hand over its chemical weapons, Putin plans on putting them next to his Super Bowl ring.

The 10 year note $TNX is trading at 2.95% ,and for now,  risk is back on. Contrary to the folks  that say you should put a gun in your mouth in September, the tape is moving up for now.

China industrial output grew to a 17 month high and retail sales rose.

Japan and the Nikkei are looking better and $DXJ, the long Nikkei/short Yen trade broke out yesterday.

dxj4 300x197 Morning Market Look For 9/10/13  Go Nazzy!!!

Biotech is not to be stopped as $IBB broke through lateral support yesterday and is heading to the top of the channel again. Names like $GILD, $BIIB and $CELG look phenomenal.

ibb15 300x196 Morning Market Look For 9/10/13  Go Nazzy!!!

$AAPL goes low cost today.

Did you know that the Nasdaq $COMPX rallied to its highest level since October 2000 yesterday?

compx3 300x197 Morning Market Look For 9/10/13  Go Nazzy!!!

Keep your eye on the builders, $XHB “possible” they are reversing.

Come by for a free trial to see what we’re doing on a specific stock basis.

 

 

 



The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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    Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »

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