The markets opened slightly weaker in the wake of higher than expected Initial Claims and a ratings cut for GE. However, better than expected retail sales and some M&A in the pharma and biotech sectors helped fuel another rally. Also sub committee meeting on mark-to-market accounting rules and positive comments from the CEO of BAC kept the rally going. Broad based rally with little in the red except the $USD.This has been the best 3 day run since November, however we are moving into more resistance as highlighted on the NASDAQ chart as we approach overbought levels.
Economic calendar Import/export, trade balance in pre-market, and Michigan sentiment at 10:00.
Tidak ada komentar:
Posting Komentar