Major market indexes continued to rally following the S&P 500 Index's successful test of and bounce off its 200-dma. The indexes are now poised to test the undersides of their 50-dmas.
Futures are mixed at the time of this writing, trading higher on the NASDAQ due to strong earnings reports from AMZN, INTC, and MSFT. Meanwhile, economic woes in the UK and in Europe continue. The UK first-quarter economic growth was the weakest since 2012, significantly undershooting expectations, while ECB chief Mario Draghi suggested the central bank is concerned about slowing in the eurozone economy, even as he stressed a solid, broad-based expansion in the region. More jawboning as usual from politicians.
Focus List Notes:
AMZN reported earnings last night and is poised to gap-up and breakout this morning, hence becomes an actionable long with the idea that it should hold any such breakout.
Market Lab Report - Pre-Market Pulse for Friday, April 27, 2018
| Published: | 27 Apr 2018 08:23 ET |
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