A gap down today and consolidaton and grind in the market. The bulls did step in and defend the supports. There was 0 follow through on the short side and grind on the long side it was tricky! There are pockets of heat in GOLD and ENERGY names.
Here is the econ data for tomorrow. Powell is on at noon and we have some employment numbers first thing in the morning.
This is a quick traders market right now there are a few decent swing setups but its not all over the board so be tight guys! Earnings season is starting so save that mental capital
WEDNESDAY, APRIL 3 | |||||
8:15 am | ADP employment | March | 155,000 | 140,000 | |
9:45 am | S&P U.S. services PMI (final) | March | 51.7 | 51.7 | |
9:45 am | Fed Governor Michelle Bowman speaks | ||||
10:00 am | ISM services | March | 52.7% | 52.6% | |
12:00 pm | New York Fed President John Williams moderates discussion | ||||
12:10 pm | Fed Chair Jerome Powell speaks | ||||
1:10 pm | Fed Vice Chair for Supervisions Michael Barr speaks |