Greetings!
The Russell 2000 has been a good “leading indicator” for the rest of stock indices.
From a technical point of view, the bounce we saw today is still a correction for the recent sell off. In order for that to change I will need to see a close above 613 on an hourly basis, until then I think the trend is still lower and rallies need to “prove themselves” before I change my outlook.
Good Trading!
Futures Trading Levels
Economic Calendar
Economic
06:00 Brazil Dec Industrial Production
10:00 Dec Pending Home Sales (last m/m -16%, y/y 19.3%)
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
Vehicle sales. ICSC/UBSW Chain Store Sales (07:45, last -2.5%). Redbook Retail Sales (08:55, last +1.0%). ABC Consumer Confidence (last -48).
Earnings
Before the Open: AMSC, AMB, AXE, ADM, ARTG, ARM, ADP, BEAV, BP, COCO, CPO, DHX, DOW, DHI, EMR, ETR, EVR, HHS, HSY, NRGY, KFT, LDR, LXK, MAN, MRO, HZO, MPEL, PTRY, PCX, PNR, PBG, PRGO, RDWR, RRST, SMG, STEL, STE, SU, TNB, TDW, TKR, UTI, UPS, WHR, WEC. After the Close: ACE, APKT, ACTU, AFL, ADS, AJG, ATO, BRE, CHRW, CTRP, FISV, SOLR, IVAC, IRF, JKHY, JDSU, JLL, KNXA, LCRD, MANH, MTW, MEE, MET, MIL, MYGN, NLC, NETL, NWSA, PXD, QSFT, RSYS, RVBD, SLGN, SSD, TSO, TRMB, UNM, VASC, VRSN, WBSN.
