YIKES! oops, sorry didn't mean to shout & wake everyone up but for pitty sake we just start an uptrend and the indexes fall back down thru their 50-day moving averages. Somehow yesterday started out so nice, reversal, "Market Under Pressure", and now futures traders are looking at another -0.15%. Hmmm, that was -0.58% just a little while ago... Metals did great spiking to 3-month highs but right now profit-takers are calling for a -2.51% plunge. No small part of all this (imho) is today's data tsunami:
MBA Mortgage Index
Retail Sales
Retail Sales ex-auto
Export Prices ex-ag.
Import Prices ex-oil
Business Inventories
Crude Inventories
Fed's Beige Book
Related threads --much to discuss: