The market is back testing the 884 - 882 resistance area. 877 - 875 is currently support.
Alcoa reported yesterday afternoon a less than expected loss. The company also reported an increase in orders, and expects the stimulus plans in China and the US to help with future cash flow. According to the Earnings Calendar, Chevron reports after the close today.
Jobless Claims at 0830 ET, Wholesale Trade at 1000 ET and the 30-Yr Bond Auction at 1300 ET.
Charles
No comments:
Post a Comment