BMO
Before Market Opens commentary:
February 22 @ 09:00.ET. >> No Change below since the 7am Commentary
I try to post here twice each morning .. once early and once closer to the Open. These are usually at 7am and 9am ET.
Note the time-stamp above to see what time the Commentary below refers to.
- Asian markets finished higher overnight with shares in Japan leading the region. The Nikkei 225 is up 0.96% while China’s Shanghai Composite is up 0.93% and Hong Kong’s Hang Seng is up 0.33%.
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@ ~7am.ET — European Markets are broadly lower so far today .. with all Major Markets Down at least ½%.
@ ~9am.ET — not much change -
@ ~7am.ET — U.S. stocks were poised for a flat open today as investors question whether Greece’s newest bailout will be effective. Futures are currently slightly Lower by about ¼%.
@ ~9am.ET — not much change … BMO Economic Reports were slightly negative.
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Stocks stumbled into the close yesterday, shaking off a morning rally fueled by news that European officials agreed to another round of aid for Greece. The rally was modest as Greek deal was already priced in. Among the Dow movers, Home Depot rose 0.46% on upbeat earnings, while Wal-Mart Stores fell 3.9% after its earnings fell short of estimates. Tech stocks edged down, weighed by losses in chip-makers which offset gains from Apple. Apple traded up 2.5% after China Telecom announced that it will begin taking online reservations for Apple’s iPhone 4S on March 2. J.P. Morgan downgraded semiconductor capital-equipment makers, citing the sector’s gains over the past few months. Google gave support to the sector, gaining 1.6% after a Credit Suisse note projecting that co. is poised to increase its share of the U.S. online display-advertising market from 15% in 2011 to about 24.5% in 2017. In the evening trade Dell fell 4.8% in heavy volume after the co. fell shy of profit estimates. Meanwhile, Intuit and Borcade rose 3.3% and 4.9% respectively on upbeat earnings reports. Implied volatility little changed on modest trading volumes.
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Some Major U.S. Economic Reports are due out today.
StocksDoc.com subscribers, see under the MEMBERS Tab at the top of the page for detailed information on global Economic Reports.
U.S. Stock Index Futures were Higher overnight and Lower this morning giving us a probable Down Opening. I don’t see any resolve from the Bulls to continue floating Higher, but you never know in these zany Markets.
Watch for global news in real-time to drive any major swings after the Open.
At this current Toppy level, we will keep watching today for indications of a Bullish follow-through higher .. or a retreat back Down.
For more security, use our Commentary and Trading Systems to alert you when to get IN and in which direction and how to Trade .. so . . . monitor your favorite stocks closely and use our Trading Systems to Open/Close/Add an Up or Down position based on its Signal. Let the Signals play out and always allow for a price-retest once a Signal is triggered.
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#2 written by MaybeThisTime (11 months ago)
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