The S&P futures have closed higher 8 out of the http://www.todayhotstocks.com last 11 sessions, up 4 out of the last 5 or up 3 in a row. The rally has been a bone crusher and it doesnt look like its ready to stop. Right now the ESU is in need of a pull back but if the same price action persists today it will be easy pickings to S&P 2k. MTS Video 1 S&P 500 To Infinity And Beyond MTS Video 2 FED Minutes Throw Cold Water On S&P New Highs Video: Rithmic Webinar today As always, please use protective buy and sell stops when trading futures and options. In Asia 6 of 11 markets closed higher : Shanghai Comp.
STOCKS RALLY: Here’s What You Need To Know – Yahoo Finance
The S&P 500 has risen in five of the last seven sessions after bouncing at it 100-day moving average earlier this month. Investors have kept buying despite weakening economic data from Europe, focusing instead on strong employment trends in the United States. They’ve also been heartened by dissipating geopolitical tensions in Ukraine and the Middle East. Housing is a significant theme today, with Home Depot gaining 3 percent in early trading after beating estimates and raising guidance. Housing starts and building permits are due at 8:30 a.m.
Global stocks drift amid wait for US Fed signs – Yahoo News
FEDERAL RESERVE: It’s unclear when the U.S. Federal Reserve will start raising interest rates but many analysts predict sometime in 2015. That could be a plus for countries such as Japan, where giant exporter have much to gain from a strong dollar. Eyes are on the release of minutes Wednesday from the last Fed policy meeting and a speech later in the week by Federal Reserve Chair Janet Yellen. ANALYST TAKE: “Traders will turn their attention to the FOMC minutes later tonight, recalling a less-hawkish-than-expected minutes in July, which led to a sell-off in the dollar,” said Desmond Chua, market analyst with CMC Markets in Singapore.
Stocks continue bullish momentum – Yahoo Finance
First, the scoreboard: S&P 500: 1,981.50, +9.8, (+0.5%) Nasdaq: 4,527.36, +19.1, (+0.4%) And now, the top stories on Tuesday: 1. The pace of housing starts rose 15.7% to an annualized pace of 1.093 million units in July, beating expectations for a pace of 965,000. Permits increased 8.1% to a rate of 1.052 million, which was in-line with expectations. Ian Shepherdson at Pantheon Macroeconomics had a mixed read on the report.