* MARKET THEMES FROM TUESDAY: We saw a rangebound market on Tuesday, as early strength reversed and pulled us into a two-day trading range. Oil was weak, but not a lot of movement in the U.S. dollar, and 10-year Treasury rates stayed below 3.5%. New 20-day highs across the NYSE, NASDAQ, and ASE dipped to 1381 against 212 lows. While the new highs remain non-confirming of recent price highs (an issue of some caution for me), new 20-day lows have not expanded to the point where it appears that we're rolling over. Note that we've also seen new bull highs in the advance/decline lines specific to S&P 500 stocks and to NYSE common issues only. Indeed, we've had more advancing issues than decliners for five of the last six trading sessions.
* OVERSEAS/OVERNIGHT NUMBERS: 3:00 AM CT - Germany, Ifo business sentiment survey.
* EARNINGS FOR WEDNESDAY: CWTR, DLTR, DSW, GES, JAS, MIK, WSM
* WORTH READING:
-- Thanks to an alert reader for this research summary on the effects of multitasking;
-- I see where HeartMath is offering their em-Wave biofeedback unit for 40% off;
-- Too much money sloshing around to sustain market downturn;
-- What happens when China slows down?
-- Nice wrap of bond market;
.
* OVERSEAS/OVERNIGHT NUMBERS: 3:00 AM CT - Germany, Ifo business sentiment survey.
* EARNINGS FOR WEDNESDAY: CWTR, DLTR, DSW, GES, JAS, MIK, WSM
* WORTH READING:
-- Thanks to an alert reader for this research summary on the effects of multitasking;
-- I see where HeartMath is offering their em-Wave biofeedback unit for 40% off;
-- Too much money sloshing around to sustain market downturn;
-- What happens when China slows down?
-- Nice wrap of bond market;
.
