The correction is now officially over as the market regained its 50-day moving average leading us to buy stocks. With the market finishing in the green on Friday after a large gap down to open the week such confirmed the bullish trend is still intact. This week, chock full of economic data and Fed speakers, will be important to fully determine whether the key support will hold.
What To Watch Today
8:30 a.m. ET: Durable goods orders, August preliminary (0.6% expected, -0.1% in July)8:30 a.m. ET: Durable goods excluding transportation, August preliminary (0.5% expected, 0.8% in July)8:30 a.m. ET: Non-defense capital goods orders excluding aircraft, August preliminary (0.3% expected, 0.1% in July)8:30 a.m. ET: Non-defense capital goods ordersRead More »