It is boring, but the best trade in this environment continues to be spending time with your family. Even with the market up a bit this morning, TRIN continues to hover above 1. There is no conviction (as we might have suspected going into Christmas) in the buying.
BLK and IBM are worth watching.
Blackrock [...]
(7:34 ET): The overnight range is still being established on the downside, but right now we have a range of 1085-1095. The market did not like the GE and BAC numbers and sold off about 5-6 points after their release. In terms of earnings, it looks like GOOG is the one shining star out of [...]
In terms of market direction, there is a slew of both economic data and earnings reports out this week. It is worth your time to scroll down (right hand navigation pane) to the “Earnings Calendar” and “Economic Calendar” from briefing.com.
Unless there is some exogenous catalyst (e.g, Iran, North Korea), Monday will likely be slow and [...]