Economic Outlook, plus continuation of earnings, shows a busy week ahead. Bank of America (NYSE: BAC) kicking this week off for earnings, releasing their report in the premarket. Also, Sears (NASDAQ: SHLD) filing for bankruptcy should draw some attention of many traders and investors today.
We’re still seeing strong volatility in the overall market, with Nasdaq and S&P 500 futures both having more than a 0.80% drop since the open of today’s futures session. However, both have retraced that bearish start, almost returning to their open as of 07:50 EST.
Premarket volume check showing a strong start to the week with CLX18 and GCZ18 both surpassing the 100K volume mark. NQZ18 only 3K away from the 100K volume mark in a strong short-term bull run. Looking at a daily chart, Crude Oil (CLX18) in a key location that could technically bounce in the 70.80 area. So far CL and 6E trading sideways while GC is trending bullish.
Total Loss $750
- TST = $450
- AMP = $300
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