Markets paused today digesting Alcoa's disappointing report but
kept things well-propped into the close. And, it may be they had things right based on earnings reports from Intel, Linear Technology and CSX Corp. You suppose these guys knew something before the rest of us? That would be shocking...snicker. Below is the extended trading session at of 6 PM EDT.
Like I said at the start, "why should I complain since we're long?" Yes indeed. But, you can glean from cynical comments I'm not too pleased with these light volume markets. If retail should start selling bonds and buying stocks willy-nilly then you should look for the exits.
Wednesday will feature more earnings led by JP Morgan and after the close, JB Hunt and YUM! Brands. Retail Sales, Business Inventories, Crude Inventories and the Fed's Beige Book also will be front and center. Taken together, these are all market movers.
Don't forget options expiration is Friday. Can you believe it's already the third Friday in April?
Let's see what happens. You can follow our pithy comments on
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