Thread: Market Talk / May 13th - 19th

Briefing.com
09:00 am : S&P futures vs fair value: +4.0. Nasdaq futures vs fair value: +5.8. Still shaping up to be a higher open for the cash market as S&P 500 and Nasdaq 100 futures hold steady above fair value. Meanwhile, oil prices continue to inch higher and are now back above $65/bbl; but as evidenced by the market’s ongoing resilience to higher energy prices, especially a 3.6% surge in crude yesterday that did little to curb sentiment, the market's underlying bullish momentum remains the most supportive of factors. With a preliminary read on sentiment compiled by the University of Michigan today's only scheduled economic report, and not hitting the wires until 10:00 ET with little market-moving capability, the absence of potentially troubling data this morning is also clearing the way for buyers to get back on track.

Everyone have a good weekend and good luck to everyone today with their investments and may the investing gods be smiling on us next week. (Especially Monday - hope your TSP transfers went thru.)



white

Thanks white - same to you!

Originally Posted by Medic72

I went with Freds advice this am, hope it all works out my first IFT. (nervous still) but i read every post everyday. MORE INPUT!

Good luck Medic72! The first IFT is always the toughest. But now you are no longer a virgin. It gets easier.

Will be closing out the weekly thread a bit early!
Got to do some research!
Have a good weekend!
See Ya Sunday Morning!
Regards
And be careful!

Spaf