There are lots of news pouring into the market the whole week. Wednesday at 14:30 GDP numbers and at 20:00 FOMC meeting announcement which use to move the markets but the biggest thing happens on Friday 14:30 with the Employment situation. To this more company news are coming every day regarding Q2. My personal views are that the bond market seems to top out which means that rates can start on upside soon. Gold is so far holding 1.300 and the EURO trend is still on downside - and the price holding just above 1.3400. The new sanctions from the US and EU is becoming very much harder for Russia this week and we are close to a situation when Russia is going to give back. Gaza has lit fires all over the world and here something unexpected can occur as well.
It does not take much to turn the indexes around in a sudden drop which can start a big correction. DOW is the most reliable chart now to find signs of correction. Every day is adding a new piece of puzzle to the picture. This is the lull before the storm.
It does not take much to turn the indexes around in a sudden drop which can start a big correction. DOW is the most reliable chart now to find signs of correction. Every day is adding a new piece of puzzle to the picture. This is the lull before the storm.
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