Stock market is expected to open flat lower tomorrow. Once again, Fed FOMC news was leaked out earlier then anticipated time. Gold, Silver and Miners (NUGT) enjoyed big gains. Those who took the risk on miner were rewarded big today. Now that the Fed fomc is done, next focus will be back on the debt ceiling. Also, all the economic data will be seen as tapering or no tapering, which means Gold and Silver will continue to move volatile. Fed will be purchasing 2.75 B- 3.5 B between 10.15 am EST and 11 am EST.
I'll be watching short YELP and long IG, ACUR, TZA, DUST.
Earnings before market open: CAG, IHS, MCS, PIR, RAD, SCHL
Earnings after market close: CTAS, FOXF, TIBX, DRI
Economic calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:00 | EUR | German Bundesbank's Dombret speaks in Oestrich-Winkel | low | |||||||
| 8:30 | USD | Initial Claims | med | 330 | 292 | |||||
| 8:30 | USD | Current Account | med | -97 | -106.1 | |||||
| 10:00 | USD | Philadelphia Fed Survey | high | 10.3 | 9.3 | |||||
| 10:00 | USD | Leading Indicator | low | 0.6 | 0.6 | |||||
| 10:00 | USD | Existing home sales | med | 5.25 | 5.39 | |||||
| 12:20 | USD | Fed's Pianalto speaks on Consumer Finance in Cleveland | low | |||||||
| 13:45 | USD | IMF's Lagarde speaks at US Chamber of Commerce on Global Economy | low | |||||||
| 20:00 | USD | S&P Index Quarterly Review become effective | low | |||||||
| 20:00 | EUR | EU, Chinese officials hold summit in Brussels | low | |||||||
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