|EU Burp after dinner|
Dow jones need to break 13585 on the upside to continue bullish sentiment, and 13533 on downside to continue bearish sentiment. EU finance minister dinner, lunch, breakfast begins today. So, becareful if they burp after dinner, the stock market will shake here and since its crappy market it will move higher. To avoid this unusual activity, take a break till Monday and see where market settles. On Friday, We'll get the news that EU finance want weekend dinner and so the announcement will be made after that and some plan will be put after December New year dinner. In short, Just Stop Trading.
|Last 3 days of trading in Dow jones with resistance level|
Losers: MNKD . CYTR . ALGN. IMUC . LXRX . MLNX .GORO . CDR . SCSS . VRNG
|THURSDAY, OCT. 18 Forecast PRevious|
|8:30 am||Weekly jobless claims||10-13||365,000||339,000|
|10 am||Leading indicators||Sept.||0.2%||-0.1%|
|10 am||Philly Fed||Oct.||0.0||-1.9|