The markets are hovering around even 30 min before the open with the exception of the Russel which is off .32%.
Of note, Oil is weak with everything else I look at hovering around the even line.
One new feature I would like to share with you when I have time is some of what I have read premarket.
Typically I go through a number of articles premarket and read some that grab my interest. This morning’s articles:
These can be very diverse. In addition, the ones I pick to read are merely ones that have grabbed my attention via the headlines. Some do not pan out as being worthwhile but most at the very least tend to give an interesting perspective.
Let me know if you enjoy this new feature of the site:)
Amazingly the U.S. is now past the debt ceiling obstacle without a hitch. I had it all figured wrong of course. In hindsight, I doubt I could have seen this coming. That Trump would be reasonable and compromise his agenda to put the damaging government shutdown out of the way.
Thinking about it, Trump did the right thing considering the assault on him and his team. I do not think a government shutdown would have been a good thing for him at this time. But in September things might be a bit different where he can be free to stand 100% behind his agenda. It will be interesting.
I personally have no dog in this fight, but I am a bit disappointed with the Trump supporters that cannot glean reality from an idealistic approach that requires no compromise. Pragmatism in D.C. gets the money, not dogmatism. As you can see from the way the Democrats are in freefall.
So this bodes well for the markets as long as the Fed will keep its sanity. And that will require getting rid of Yellen in my opinion. As long as she is at the helm the U.S. economy is severely at risk.
Speaking of the Fed, Bullard just announced that the fed does not need to raise rates any higher. Unfortunately, he is in the minority.
I have a very small portfolio of swing trades now, the lowest it has been in awhile. I plan on being cautious as my overall idea of a swoon very soon, by mid may, is still on the table.
If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.
It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)
Good Luck Today
RickJ’s Handicapping Picks
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