Wednesday, November 19, 2014 8:07 AM EST
Another TechnicalUpdate As The S&P 500 Crosses Above 2050
This morning we are updating our Morning Matters from last Wednesday because the S&P 500 just crossed above 2050. So what do we now make of the action the past month? We will try to keep things simple when explaining the current action. More...
Futures Down Slightly
U.S. futures: S&P -1.750, Dow Jones -13 and NDX -2 with fair values flat. Asia lower and Europe higher ex France. Copper higher with silver flat and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield +2. Prices as of 8:00 a.m. More...
Today's Superstock Investor Stock Scorecard:
TARGET CORP (TGT)
Despite moving up by $10, Target (TGT) still has some nice upside. The company will report earnings before the open. Estimates are for $0.47 versus $0.54. More...
Articles That Matter:
Economic Liberalization In Russia & Gone Gold In Ukraine
Bloomberg this morning has a story about how Russian President Vladimir Putin wants to eliminate corruption to jump start the economy. Maybe the sanctions are finally starting to have the impact the west wanted and the world can move beyond the crisis. In other news, Zero Hedge reports that all the gold that was in Ukraine is gone and was taken by the U.S. This is a head scratcher. Read on. More...