1. Its options expiration this Friday and the biggest story right now is this Russia/ Ukraine tension. Yesterday stocks surged after news was released that Russia was pulling back troops, but now we know that was not really the case. Today is "whipsaw Wednesday" which is usually the most choppy day of the week before the Friday expiration. So expect another wild session.
2. Energy is the strong industry group today. Yesterday, energy stocks were sold off sharply on hopes of Russian de-escalation, but oil and oil stocks are the standout right now. Oil looks poised to reach that psychological $100.00 level soon.
3. Retail sales increased 3.8% in January, this was better than the expected estimate of 2.1%. It was really much better than the 2.5% decline in December that was a big miss. Either way, this stronger economic news is not helping stocks today.
4. A look back at last week’s jobs number that was way too good to be true.
5. Gold futures (GC) dropped yesterday as it hit major resistance at $1880oz, but it's back up today. Bitcoin has held up well but beware. 47.5 to 48k is resistance.
Seems you entered wrong password click here to enter password again.
