Getting ready…

Stocks opened Friday way down after traders reacted to the GDP numbers, but soon began a journey on the way up after good PMI and Consumer Sentiment numbers. All the indexes closed very near breakeven, for the day and for the week….some a little red and some a little green. We also ended up having one of the best Julys ever. Of course though, we only recovered what we had lost in June.

Futures are taking off early this evening, moving up almost 1%. If this can hold overnight we should have a good start to the month of August. For disclosure, I’m long ES and CL….or S&P emini and oil for you non-futures traders.

I’ll be light on trading Monday as I go golfing at a charity event….so go long golf ball manufacturers.

Thanks for reading and good luck this week!