Stock market is expected to open lower tomorrow. There is no major economic data from US. But Fed is purchasing 2.75 B - 3.5 B MBS which begins at 10.15 am EST to 11.15 am EST. So expect some reversal in the direction of the market between this time. Moody gave US AAA rating with negative outlook which is bearish news. Major companies today cut their guidance and they failed to beat the low bar of earning expectation which is again negative news. So be careful with long position. First it was slow job growth and now companies are reporting slow growth which means bad road is ahead.
I'll be watching JAKK, EBAY, SWKS, CYH, HMA, ACTG.
Earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, HON, IPG, IR, KSU, LH, MAN, SLB, STI, STT, VFC, WHR
