Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding.
So here we are…May…have you started your Christmas shoppimg yet?
Acording to the Stock Trader’s Almanac, the first trading day in May has the Dow up 11 of the last 14 years. So history has us looking for an up day on Tuesday. We have a few reports in the morning…Motor Vehicle Sales, ISM Manufacturing Index and Construction Spending. Plus, many of the Feds are speaking on Tuesday. The big one, Non-Farm Payroll is Friday…previewed by the ADP on Wednesday. Let’s go for a rollercoaster ride!










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....



