Ahead of the Open
As we begin the first full week of trading for May one has to wonder if the old saying will hold true…”Sell and Go Away In May”.
As we begin the first full week of trading for May one has to wonder if the old saying will hold true…”Sell and Go Away In May”.
Gold bugs are having a hard time holding the $1,300 level after last week’s modest build up to a close Friday of $1,302.30.
We were looking to initiate a bullish earnings play on Kroger this morning ahead of its Thursday’s earnings report.
Whole Foods Market (WFM, quote), which was a top stock pick on Jim Cramer’s Mad Money last week, is scheduled to report its fiscal first-quarter results Wednesday, February 12, after the markets close.
The room’s getting crowded, the party’s been going on a while but more people could arrive. Just beware fair weather friends and a sign it could be time to think about leaving…
As we begin the U.S. Pre-Market equity session the S&P 500 futures are clawing their way higher indicating a stronger open this morning.
With the two day Federal Reserve meeting in the rearview mirror this morning markets are remain flat in the pre-market albeit the DOW and S&P 500 are tilted to the down side.
After a bullish performance last week, the market began yesterday a little off but managed to fight its way into increases across the major indices with S&P 500 closing at 1556, just 9 points shy of its record closing high in 2007.