Ripe for tactical rally and more bad data
As we highlighted last Wednesday, the market is due for a bounce, given our most sensitive near- and intermediate-term tactical indicators hit true extremes last week.
Read MoreAs we highlighted last Wednesday, the market is due for a bounce, given our most sensitive near- and intermediate-term tactical indicators hit true extremes last week.
Read MoreThe S&P 500 Index (SPX) fell for the fourth consecutive week, bringing the drop for September to 4.87%, its biggest monthly decline this year.
Read MoreS&P equity futures are trading close to parity with Friday's close amidst a mostly lower session in Europe and a mixed close in Asia overnight.
Read MoreStocks gave back an early rally, and three of the four benchmarks closed lower.
Read MoreEquity futures extended early gains on the release of the August Personal Consumption Expenditures (PCE) data.
Read MoreHere are the closing levels for our four key tactical indicators over the past five sessions:
Read MoreS&P equity futures are trading above Thursday's close amidst a broadly positive session in Europe and a mostly mixed close in Asia overnight.
Read MoreThe benchmark equity indices were higher today after some brief early weakness.
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