July 30th Watchlist
Markets are poised to break all time highs provided the bullish sentiment in the premarket transfers into cash open. Consumer Confidence and Case-Schiller Home Prices are coming out at 10 AM & 9 AM respectively so be sure to watch for investor reaction on the futures. Tomorrow will set the tone for the rest of the week as we do have some major economic reports hitting the street.
Most sectors are in the green this morning except for the Agriculture sector which got rocked off of a dismal earnings report from Potash (NYSE: POT). This came a day after Third Point announced a rather large stake in CF Industries (NYSE: CF), provoking a 20 point rally in less than an hour.
Careful being too biased to the long side off the open though guys. The market these days has had a way of throwing some weakness out there and then offering the trades up to the dip buyers closer to the afternoon. Anything is possible and being unable to adapt or move quick enough could produce some bad decisions on your behalf!
GOOD MORNING YOUNG WORLD!
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