Top of the morning friends.
It looks like we are going to start today a little bearish on the news that the president stirred the pot with Mexico and Australia during the evening giving the market another shot of the unknown. Facebook reported well after the close yesterday but also mentioned they lost a legal battle that will cost them 500 million. The company however, is still showing some gains this morning. I’m pointing out FB just as a reminder how earnings reports can often be much more than just a report on their books. Get caught on the wrong side of one of the surprises can have big unintended consequences for the short term swing trader.
Today we have the normal jobless claims and productivity numbers on the calendar and more than 200 companies reporting today. AMZN is the big hitter that will report after the close today.
With the Employment Situation report coming out Friday Morning I’m expecting the price action today to be very light and choppy after the morning rush. Today may turn out to be a good day to just sit back and work on building shopping lists and making preparations for your next trade rather than actually entering new positions.
Everyone have a great day!
Trade Wisely,
Doug
Comments are closed.