With the DJI down for the 4th day in a row, some of us may be a little stressed out. My stocks have actually fared well this week, but the overall market tape has me on the edge of my seat. Well tomorrow may be a little better.
First of all, this week is Options Expiration week. Rarely does a week go by without at least one up day (or one down day) during Options Expiration. As traders try to position their portfolios for the expiration, I expect some positives tomorrow.
Secondly, a number of earnings reports are on tap that may help the market. Tonight, Google reports to get tech rolling again (with Apple on Tap for Monday). There are also a number of consistent performers with overseas exposure that report tomorrow morning like MacDonald's, 3M, and CAT that will continue to set a more positive tone.
We need some relief. Hopefully, we can all hold it together a little longer.
2 comments:
Post a Comment