Here are the top stories we are watching that could impact trading in the stock market this morning…
-
ECB's Trichet says it is time for "tougher fiscal intervention" for the
bailed out countries. He proposes a new ministry with veto power.
-
Weekly Jobless Claims above expectations again and still above 400K.
-
Worker productivity and labor costs improve modestly in April (but this is
really old news).
-
Spain's Bond Auction saw rates rise (again), but at least there was strong
demand.
-
Moody's Cuts Greece's Credit Rating (again) to a lower level of "junk" status.
-
Wall Street is scrambling to cut forecasts for Friday's jobs report.
- Same-store sales results from nation's retailers will continue to come in today. So far, they aren't great with Gap, TJX, Target, JC Penney, and Kohl's all missing estimates. Costco is a
bright spot along with Macy's and Nordstrom's.
- Bloomberg Consumer Comfort report due at 9:45 am eastern.
- Factory Orders report due at 10:00 am eastern.
-
Here's your executive summary of Wall Street Research for this morning.
-
Do You Have a Risk Management Strategy for your portfolios? Check out TSP's weekly risk
manager report.
-
Looking For ETF Leadership? Check out the ETF Leaders Report - Updated weekly.
- Oil prices are rising this morning - May futures trading at $100.38
- Key technical areas to watch on S&P 500 (cash index) - Key Support: 1315ish, Resistance: 1345
S&P 500 Last 3 Months
US Oil Fund - Last 3 Months
PowerShares US Dollar - Last 3 Months
Remember, you are in control your email alerts! You can receive alerts for up to 25 free research report alerts including:
-
FLASH Headline Alerts: Get an executive summary of the really important market-moving headlines
-
The “10.0” Report: These are the REAL Best of Breed companies
-
The Insiders Report: Want to know which stocks Corporate Insiders are buying heavily?
-
ETF Leaders Report: Don’t Miss TSP’s Weekly ETF Leaders Report
-
TSP’s Daily TopStock Focus List: It’s Your Own Private Research Department
- TopStock Chart of the Day: Our review of the stock universe highlights one of our favorite TopStocks that also presents a good entry point at the present time.
To Add or Remove email alerts, simply Login to Your Portfolio and click on Email Alerts
Default disclosure text.
