Good Morning, it’s hump day and we have a busy market day ahead so I hope everyone is well rested and ready to rumble.
As we had hoped AAPL turned in a very good earnings report giving the bulls something more to think about than politics. Futures are suggesting a nice pop up at the open so far and all the major indexes are showing positive signs of holding price support at least for now.
We have a bunch of economic reports on the table today and some of them do have the potential of moving the market. The biggest and most important will be a 2 PM EDT when we hear from the FOMC. No one is expecting a change in the statement but if during her press conference Yellen begins to sound hawkish then the bears will have something to chew on so be careful.
After the morning rush don’t be surprised if the market goes very quiet as it waits for the FOMC. Also keep in mind we have over 130 companies reporting today we much remain on our toes when it comes to picking new trades.
I wish you all great day of trading.
Trade Wisely,
Doug
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