The banking index is coming in pretty hard so that alleviates some of the short term worry I was developing. I see most of the stocks I track in that sector coming in off the euphoric opening. Now the issue will be the secondary bounce and how they react intraday.
I can't see much happening one way or the other in front of the Fed. Just expecting some fading type action as the morning progresses. Other than being squeezed out of the BMC short on the earnings report there, I've done absolutely nothing and I doubt that changes until later this afternoon if at all.
I can't see much happening one way or the other in front of the Fed. Just expecting some fading type action as the morning progresses. Other than being squeezed out of the BMC short on the earnings report there, I've done absolutely nothing and I doubt that changes until later this afternoon if at all.
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