June 27th Watchlist, Focus on Economic Data
Futures are up nicely during the premarkets after solid sessions in the Asian markets overnight. We also had economic data this morning with both Personal Spending & Weekly Jobless Claims posting better than expected numbers. Home Sales figures are scheduled to be released at 10 AM so be sure to watch for investor reaction.
Most traders are now trying to position themselves for a possible retrace after this bounce from last week's aggressive sell-off. Can't be too early with these trades though because you never know where the exact tops and bottoms are.
Options trading has been difficult though in this environment with the lack of follow through on intraday moves. This is also a major reason why I haven't been trading aggressively and have been focusing on keeping my gains from May's trading activity.
GOOD MORNING YOUNG WORLD!
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