Monday and Friday had powerful midday reversals, but in-between was pretty ugly! So the bears got 3 out of 5 last week, and the entire week was a downer.
The strong move into the close on Friday does not look like it’s impressing anyone in Asia as their markets meander in the red. Oil and euro is down and US dollar is up. And as we saw last week, this can all change by the opening bell tomorrow. 
Last week all traders thought about was Greece and Europe and China and everything else beside what’s happening to the good old USA. But this week we get some news about us: housing, GDP, income and spending, besides the usual weekly jobless claims. Get the entire lowdown here: Stocks: Back to the U.S.A.
Monday has a reputation of being green….especially after options expiration. I’m still looking for more upside this week but also because we usually run up into a holiday weekend. Look for Friday to be light on volume.
Hope you had a wonderful weekend and see you on the playing field.
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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