•Asian markets traded 0.1% lower.•European markets are trading flat.
•US futures are trading 0.2% higher ahead of the market open.
Economic reports due out (all times are eastern): Personal Income and Outlays (8:30), Chicago PMI (9:45), Consumer Sentiment (9:55)
Technical Outlook (SPX):•SPX had strong sell-off initially yesterday, but the dip-buyers came in and managed to recoup about 2/3's of the day's losses. •Yesterday was a good indicator of what this market still wants to do, and that is to likely move higher in the short-term. •Even with SPX making new all-time highs, less than 60% of stocks are trading above their 40-day moving average. •SPX managed to climb right back and above the 5-day moving average yesterday. •Volume was light yesterday and should be even lighter today with this weekend being
•Closed out AMZN yesterday for a 0.1% gain. •Added three new long positions to the portfolio yesterday. •Remain long AAPL at 95.56, CTXS at 69.96, STT at 70.99•Will look to add 1 new long position today. •60% Long / 40% Cash•Join me each day for all my real-time trades and alerts in the