just fyi
IBM alone lifted DOW by 75pt last night. Along with it, both Microsoft and Intel up between 3 and 4 percent. So you can probably derive more than 100pts comes from those three tech companies. Usual supposedly leaders of the market, financials, were mostly red especially BofA and GS.
US 10yr and 30yr yields dropped big time after the hint of debt ceiling deal and keep in mind that stocks and yields mostly go in tandem, not reverse. COMEX gold down only 10bucks which is nothing for 1600 price.
caution is still warranted before the EU meeting especially Merkel last night said there wouldn't be a spectacular breakthrough tomorrow and mixed messages from EU, ECB, EC, EU Banks are all over the places.
Safe trading.
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just fyiIBM alone lifted DOW by 75pt last night. Along with it,...
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