As for the economic reports today, small businesses are down 3 points while the
same store sales index jumped 2%. The decline in small business is supposedly
caused by reduced consumer spending, weak capital investment plans and earnings
trends. Redbook is due out at 8:55am EST.
Moving on to futures the S&P 500 was down 0.16% at the close making it the third
straight day it closed on a decline. Oil is also down at 0.74% while the 10-year
treasuries are up 0.66%. The dollar is also holding strong ending at an increase of
0.08%.
Earnings season continues today and most of the forecasts are positive with the only
companies expected to produce a decline being AUGT, OCZ, and LEDS.
Make sure to check out our webinar this Sunday at 6:00pm CST and follow us on
Twitter @keeneonmarket!