•Asian markets traded 0.7% higher. •European markets are trading flat.
•US futures are trading flat ahead of the market open.
Economic reports due out (all times are eastern): MBA Purchase Applications (7), ADP Employment Report (8:15), Factory Orders (10), EIA Petroleum Status Report (10:30)
Technical Outlook (SPX):•Huge move higher for SPX yesterday and a breakout of the bull flag. •There is a legitimate chance now in the short-term that price expansion could go all the way up to SPX 2000.•Expect for the volume to lighten up dramatically today and tomorrow ahead of the
•Did not close out any positions yesterday.•Added 3 new long positions yesterday. •Will look to add 1-2 new long positions today. •Remain long FB at 66.63, CX at 13.22, AAPL at 91.49, XLNX at 47.34.•70% Long / 30% Cash•Join me each day for all my real-time trades and alerts in the