Market Overview

April 29th Watchlist

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SPY is above levels traded from Friday's weak trading session. It's possible we attack that $159 area again and reach previous all time highs. Consumer Spending figures came in above expectations earlier this morning and we still have Home Sales at 10 AM for further economic data. FED meets this week and will release minutes on Wednesday afternoon, many are expecting no change in FED policy.

SINA (NASDAQ: SINA) is worth nothing this morning after Alibaba took an 18% stake China's Weibo.com. The stock is up over 20%.

Gold & the precious metals complex are finding some buyers this morning and slowly retracing that horrendous move lower a couple of weeks ago.

Herbalife (NYSE: HLF) is the major earnings the markets are focused on today, expected to report $1.07/share. The rest of the week will bring about a lot of company earnings so make sure to check your calendars to note companies of interest.

GOOD MORNING YOUNG WORLD!

 

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