Your MUST-READ Morning Stock Futures Cheat Sheet: Still pressing higher
The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Still pressing higher
Big Picture Analysis – It looked like trend channel support (in the 135 minute chart, below) might give way late yesterday, but statements out of China in support of Europe fed a hockey stick rally into the close for the US indexes. Additional gains were tacked on in Asian trading, with the ES reaching 1358.00 and backing off toward ~1350 support, as we write. Today, we have the Housing Market Index at 10:00 am, EIA Petroleum Stats at 10:30 am and FOMC Minutes from the last meeting at 2:00 pm EST.
Click above images for larger size.
To contact the reporter on this story: Bob English at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org