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TwosComplement

News Commentary

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Expect to see some declines at the open today. We had nice rally Thursday, particularly in Financials on the Wells Fargo news. More reporting in banking is due out this week, with more losses and write-downs expected. Among those reporting this week are Goldman Sachs, JP Moragn, GE, and Citi Group. Expect to see some reversal today, of the nice gains we saw Thursday, with VFH and HVF.

 

Additionally, expect to see some declines today for BVH and VV at the open.

 

At least 90 stocks on Russell 2000 are expected to report this week. Currently, the Russell 2000 is outperforming the S&P 500. As these small caps report this week, keep an eye on the Russell 2000 to move in accordance with theses earnings reports. Likewise, BVP, HVK, and PVY will also move, in the short term, on the news.

 

International Energy Agency cut its oil demand forecast to a five year low, on factory data and tumbling car sales. Expect to see some declines today on crude prices on the news.

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