Morning Market Look
- Posted by UpsideTrader
- on October 2nd, 2013
Futures lower, Europe lower. Gold up. Japan down overnight. Crude flat. Soft commodities higher.
ADP is reporting the U.S. added 160,000 jobs in September and we are day two of the government shut down. The market caught a bit a of a relief rally yesterday, but so far this morning futures seem to be giving it right back. The blame game continues in DC. What a mess. Until we get some resolution, expect the market to pop and drop 100 points routinely. If you’re a day trader, the action is great, if you’re a position trader, than it gets a little more frustrating. It’s probably a great time to binge watch Breaking Bad if you haven’t already.
$TSLA caught a downgrade t Baird this morning as they site execution risks.
Draghi says rates will stay low for an extended period.
According to the Hollywood Reporter, the Simpsons will kill off a main character in the coming season.
Real estate brokers are going public. Yesterday Re/Max priced an IPO at 22. The symbol is $RMAX
The media will have you believe that you will be living in a double wide in Appalachia because of activity in Washington. Just watch your screens and block the noise. There are great set ups everywhere. Biotech continues to offer great setups and I have been concentrating in that area. See $ALNY $AEGR $IMMU $CELG $ACAD
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