WEEKLY MARKET DIGEST: STOCK FUTURES ERRASE OVERNIGHT LOSSES ON GOOD EARNINGS, EXPECT POSITION SQUARING $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
STOCK FUTURES ERRASE OVERNIGHT LOSSES ON GOOD EARNINGS, EXPECT POSITION SQUARING
April 17, 2014
After the recent bull run, stock futures dropped overnight on less than expected earnings from the likes of GOOG and IBM. This morning the earnings from the likes of GE and MS are better than expectations and stock futures have recovered.
Expect position squaring ahead of the long weekend.
Gold, silver, and oil are range bound.
Interest rates are falling.
Gold futures are at $1300, silver futures are at $1965, and oil futures are $103.97.
April 20, 2014