Your MUST-READ Morning Stock Futures Cheat Sheet: Attempting to bounce
May 22, 2012
The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Attempting to bounce
Big Picture Analysis - After such a losing streak in US equities, a one day pop that chases weak shorts out should not be unexpected. The question of whether the nascent rally has legs will be decided if and when the ES reaches the mid-1330′s, where first volume resistance lies. Existing Home Sales today at 10:00 am could be a market mover if out of consensus.
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To contact the reporter on this story: Bob English at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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