Premarket
The overseas markets were up and the futures have been slowly drifting higher all morning. XOM came out with another astonishing Net Income of $7.8b for the quarter. And we still pay between $2 - $3 at the pump! Yesterday the media focused purely on the potential of readjustment of world wide energy demand and today the media is focusing on potential supply disruptions. Where is the truth?
There was no market moving economic news to note and in the face of a vacuum, the prevailing trend will likely continue. Therefore we will be watching for the dip buyers once again to step up to the plate on even the most shallow of pullbacks. It wouldn't surprise us for the market to do a slow drift up through most of the day however, we will have to wait and see how our key tells are acting. Specifically we will be watching the Semi's and Small Caps to see if they can regain some relative strength. Key stock tells would be XOM and SBUX as well as ERTS and AMZN to see if buyers are still interested in following through on yesterdays interest.
As always, the close is the key and we will be monitoring the health of the internals throughout the day.
-Good Trading- ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
There was no market moving economic news to note and in the face of a vacuum, the prevailing trend will likely continue. Therefore we will be watching for the dip buyers once again to step up to the plate on even the most shallow of pullbacks. It wouldn't surprise us for the market to do a slow drift up through most of the day however, we will have to wait and see how our key tells are acting. Specifically we will be watching the Semi's and Small Caps to see if they can regain some relative strength. Key stock tells would be XOM and SBUX as well as ERTS and AMZN to see if buyers are still interested in following through on yesterdays interest.
As always, the close is the key and we will be monitoring the health of the internals throughout the day.
-Good Trading- ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
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posted by Kleiner Capital Management, LLC. | 9:20 AM
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