Wednesday Morning Market Thoughts

{+++}It looks like we are back to a gap up, gap down market again. Economic data is mixed and earnings are upon us, so expect more of the same perhaps fr the next couple of weeks.

Dow futures are currently down about 90 points and the S&P is down about 12 handles.

The euro is flat and the Nikkei opened higher.

We’ll see if the dip buyers show up at some point today. I still show the 1540 level as support for the SPX which is right around the 50 day moving average.

I am still seeing some nice long setups out there, if anything develops I will send you an email. See you on the chat room.




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