US futures surprisingly has been showing strongly for which I cannot find a good valid reason, except that the BULLS may have seen the biggish drops of yesterday's stocks as a buying opportunity.
The good results which most of the Dow's heavyweight components have had in this quarter has been followed by today's results of the Procter & Gamble in which it lifted its outlook for the next quarter.
Uk market has been the only European market today which has been trading and as I am typing it is thinner by some 30 points having recovered the same number of points from an earlier bigger loss.
The ISM & Auto Sales data are to be released later on after the market has re-opened in about 30 minutes time.
I will be shorting the Dow if it gets up to around 13000 for a quick scalp of 10 to 20 points.
1 comment:
Thanks Jon - your site is great too.
Al the best.
Rod
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