The Daily Dose of Trading Comments

The GDP numbers did bring the market back in some as they came in a little lighter than expectations but in my way of thinking, the market should like that. The big problem would have been a really strong GDP as that would have hawkisk implications on interest rates. That's what the currency markets are saying as the dollar comes in a bit after the numbers. So I read the report as more bullish than bearish for the equities but we'll have to wait to see how it shakes out. I'm adding on weakness here on the index plays thinking this breakout move isn't a fakeout but instead another stairstep move towards those targets of 1250-1260 SPX.