Apr 23, 2014,( 9:18AM EDT )
Have you got your parachutes ready?
Because today, seat-belts won’t save you from volatile ride, only an exit will
41 index companies in U.S. markets will be coming out with their earnings today, including heavyweights like Apple and Facebook. Nasdaq is going to trader on rumors, speculations and maybe, on insider hints.
In short, traders are going to enjoy a highly “entertaining” day
Not that recent sessions have not been dramatic enough, but some days are better than others and today, important economic reports will add to the drama in U.S. markets.
At 10 AM EDT, New Home Sales numbers will arrive in markets, indicating the health-level of the economy. Currency markets are already in turmoil on euro zone economic data. Reports from the U.S. economy will only add to that.
U.S. stock futures have been trading negative since their opening during Asian markets’ trading hours. (as I had happily described earlier :))
We might see a flat or negative opening in U.S. markets today. But the session will be rife with speculation-induced heavy volatility. Keep an eye on Nasdaq, as it might lead the intra-day trend in U.S. markets today; either down or up.
Get ready to ride the roller-coaster
Have fun, enjoy the day, have a great session in markets today!
See you later.