They are expecting Trump will send troops to Syria. //// nevermind, most updated news: The U.S. has launched a missile strike on Syria to retaliate Assad's use of chemical attacks.
Good morning Stockaholics! Happy Friday. Here are today's stock movers & news this morning- 4/7 Friday Market Movers & News: WMT, ABX, TWTR, GOOGL, YUM, LUV, TWLO, AMZN, BKE, RT, FCAU, PSMT <-- click there to view! Hope everyone has a good trading day in here today on this final trading day of the week.
Headline NFP # misses bigly 98K actual vs. 180K estimate; also downward revisions to the prior months. Unemployment rate down to 4.5% the lowest since 2007.
Oil futures faded the whole $1.20 gap from last night. Crazy. Everyone thinks this is an emotional market - I'm preparing for "Real Housewives of Wall Street"-emotional today.
So what happens to the market when we bomb another country?? I haven't been around that long Wall Street Breakfast: Flight To Safety Amid Syria Strikes http://www.seekingalpha.com/article/4061000
When we have news events like this and the market stays flat, its got to make you question if the market is led by news or by technicals (like Elliott waves heh). I think the market may be largely led by technicals, but within the market the news can have more effect. It can lead to sector rotation which can drag the market. But this news of bombing Syria may not be "more newsworthy" to the market than a mass shooting in America. We'll see. Syria I'm guessing may play more of a role in the oil market.
Just wanted to quickly pass this on to y'alls to let you guys know that @Gil Oren says hi to everyone! For anyone curious to know where he's been all this week -- he is visiting family down in Florida. Will be there for about another week or so. Says he misses all of you and is looking forward to getting back on soon!
@Baggi the long wait is almost over! Earnings season starts up again late next week with some of the big banks reporting.
Hope Gil is having a good time! Perfect timing for banks to report next week. Gold has major resistance at 1265 and doesn't look like it's going to be taken out Top part shows the squeeze between 10 ma and 200 ma. Note the lower high that is being formed. The MACD (middle part) is also curling. But beware of guessing what the MACD will do; you should let it do the indicating. And the RSI (lower part) is not breaking over 60. It hasn't fallen below 60 yet, so again beware of guessing what it will do. There is a correlation of gold with AUD/USD, and it is showing a breakdown Even below the 200 ma now.
