Good morning. The market remains under pressure this morning as investors sort through a number of mixed earnings reports & data. Namely, higher oil prices, surging import prices, and disappointing retail sales are in focus.
Premarket gainers: LDG, CREE, NVDA, ININ, PWAV, BRCD, AMAT, MHGC, RAD, AAUK, DROOY, GSS, FLY, ACOR, ELX, ATI, PLCM, SLW, & HL.
Premarket losers: TWB, HQS, WCG, CSIQ, DE, GSI, DSL, MDRX, LVLT, LIZ, RBS, SRX, UAUA, DNDN, QGEN, ALXN, CHU, & CVS.
At 10:AM we have a report on business inventories and a half hour later the weekly energy inventory report. The latter will likely be a market mover especially with a number of people expecting a bounce in energy. I'm still eying 1300 as a key technical level in the S&P and we need to see that area regained quickly to continue the upside momentum we've seen over the past couple of weeks.
Have a wonderful Wednesday!
* We have finally arrived in Cedar City and the moving truck will arrive tomorrow morning!
