DJ +80/+1%, despite weak housing data, recovery from a 3% declines in the past two session.
8.15 : DJ futs -20. Regional flat to marginally higher, yet to digest DJ gains.
Enough to reverse mkt sentiment today ? ...unlikely. DJ gains came despite worst than expected housing result, so to many this is just an adjustment, doubtful any major players will chase the mkt yet and upside may still see profit take activities today.
Fkli may just park at short term resistance lvl at best, around 1170-1175.
Initial trading range is seen at 1160-1170. Above 60, no sell signal.
3 years ago
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