How IRAs Can Tie Investors’ Hands — and What To Do About It
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0745.ET
World/US Markets/Futures are currently slightly-mixed.
QQQQ / SPY are currently at 41.91 / 105.23
Read last night’s AMC Commentary for QQQQ Support/Resistance and Trading Plan.
There are Big Economic Events out this morning starting at 0830.ET .. then at 1000.ET . . so be careful!
Yesterday’s Action
Stocks fell Thursday, with the internals pretty weak, the Dow Industrials losing 41.11 points, closing at 9,707.44. NYSE volume was flat at 98 percent of its 10 day average. Downside volume led at 87 percent, with declining issues leading at 77 percent, with downside points at 93 percent. S&P 500 Demand Power fell 9 points to 397, while Supply Pressure rose 9 points to 367, telling us the decline was strong and powerful.
The NASDAQ 100 fell 14.51 points Thursday, closing at 1,709.76. The Russell 2000 fell 11.62 points Thursday, closing at 601.75. The HUI Amex Gold Bugs Index fell 9.53 points Thursday, closing at 403.71. October Gold fell to 993.2. Silver fell to 16.10, while December Oil fell to 66.37. The Dollar rose 0.58 to 76.91. Bonds rose 10 ticks to 119^31. The VIX rose 1.46 to 24.95.
AMC Commentary
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