I woke up this morning to a nice sheet of ice covering my car. However, the drive into the office was uneventful.
The markets are looking to open a little higher this morning with futures going green.
S&P 500 (MAR) +5.25
| Nasdaq (MAR) +7.50 | Dow (MAR) +25
We should open up higher, but I expect that either today or tomorrow will be the start of a short term downtrend and I will be looking for an entry to enter into some puts. There is a gap down open at $44.95 that was set on Tuesday morning. So we may get as high as that point today or tomorrow to fill that gap before we start to head back down.
Retail sales are due to be announced today before the open so we will see what type of catalyst this causes pre-market.
The markets are looking to open a little higher this morning with futures going green.
S&P 500 (MAR) +5.25
| Nasdaq (MAR) +7.50 | Dow (MAR) +25 We should open up higher, but I expect that either today or tomorrow will be the start of a short term downtrend and I will be looking for an entry to enter into some puts. There is a gap down open at $44.95 that was set on Tuesday morning. So we may get as high as that point today or tomorrow to fill that gap before we start to head back down.
Retail sales are due to be announced today before the open so we will see what type of catalyst this causes pre-market.
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