The markets were narrowly mixed with the Dow off -26.11 or -0.21% at 12,479.88. The S&P 500 was off -2.13 or -0.16% at 1,335.25. While the Nasdaq was up 5.72 or 0.20% at 2,825.88.
All of the majors are sitting at or near their post crisis highs. Good sign. But would like to see them convincingly breakout sooner rather than later.
New Home Sales came in better than expected at 300,000 units annualized, better than the expected 280,000 consensus and better than the upwardly revised 270,000 from last month. Although, today's news was not enough to move the makrket.
The market seems to be waiting to see if the rest of the earnings season can contuinue its winning ways. With literally thousands of companies (3,676) set to report over the next 3 weeks.
Tomorrow we'll get retail sales via the ICSC-Goldman Store Sales report and Redbook numbers, Consumer Confidence, and the State Street Investor Confidence Index. The State Street Index is one of my favorite reports as it shows whether institutional investors are adding to their portfolios or lightening up.
In addition, we'll get another 1,159 companies reporting earnings between Tuesday and Friday . |
发表于 2011-4-25 20:37
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