Asia is mixed.
Currently Hongkong is up 80 points
Tokyo still hasnt recovered from yesterdays drop.
Dow futures are at +39 points.
Tomorrow's open will be a strong one but there might be a sell off later in the day.
But, if the 40+ gain holds for the first few hours without faltering we might see some buying activity throughout the day especially with oil down $9.
Oil bulls could be bracing for a retreat and then the market should go down like previous patterns.
Tomorrow could be positive but could turn negative if confidence in finance stocks is low.
9 comments:
Looks like the market is decent today
Look out for an Oil selloff
Why is there a drop in oil prices
This is what I think:
Investors, Airlines, and Delivery companies invest in futures to lock in a price; but now that the last few days have been quiet(at least in terms of oil prices), people have sold off some of their futures and re-purchased at lower prices.
what do u think about the airlines
not as bad as expected
I am watching cnn, and they are talking about the problems of the economy. Should we still invest
Don't watch CNN I have a personal dislike for CNN.
I guess financials did today, like the author predicted this fueled the rally.
You guys are doing a good job of predicting.
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