16Jan3:56 pmEST
Back to Boring or Back in the Trap?
The indices seem to be plodding along here, with nary a worry about BREXIT developments, U.S. government shutdown, running directly into potentially devastation overhead resistance, nor some initially weak bank earnings. Indeed, the low volatility grind higher is reminiscent much more of a smooth bull market than a sloppy, violent bear--Unless, of course, this is the moment right before the claws come out again.
Into the bell, some notably earnings tonight are AA CSX KMI. However, I suspect NFLX and TEAM tomorrow will be the more pivotal ones to set the tone of this young earnings season.
Other than scale some partial profits in a BEAT healthcare long this morning, I did not do much today, electing to see if this bounce can keep defying the skeptics.
More on this, and plenty of fresh ideas, for Members in my full recap after the bell.