Stock market is expected to open higher tomorrow based on the chart. Its Tuesday and ECB fine tuning day. Last 3 week we have seen red close on Tuesday inspite of ECB fine tuning and Fed printing. Fed will be purchasing 0.75B - 1 B between 10.15 am to 11 am EST.
With Jackson Hole summit and Fed fomc minute of Wednesday, this whole DUST and NUGT will move 5-10% easily. So take the advantage of it or avoid it as they can get volatile at times.
I'll be watching BKS, BBY, JCP, TJX, TSL.
Notable earnings before Tuesday’s open
BBY, BKS, DAKT, DKS, GLOG, HD, JCP, MDT, TJX, TSL
Notable earnings after Tuesday’s close
ADI, GSM, INTU, LZB, VELT, VNET
Economic Calendar:
Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
---|---|---|---|---|---|---|---|---|---|---|
2:00 | EUR | German PPI | med | 0.2 | ||||||
2:00 | EUR | German PPI | med | 0.7 | 0.6 |