Daily Delphi

Post: Tuesday's Trade 9/10/2013 | Daily Delphi

BlogsPit Talk › Tuesday's Trade 9/10/2013 September 10, 2013, 6:50 am

MONDAY RECAP
The week started out with a rally in the equities. Early in the day the market was lifted by strong overnight export data out of China. Buyers continued buying throughout the day as the S&P ended up +15.60. If things aren't bad then they must be good. Crude had an uneventful grind down ending down -1.01. Gold held it's own at up +.2 with very light volume even as the supply side risks out of South Africa have all but gone away.

TODAY'S ACTION
Look for more of the same as yesterday. There are no reports out today and a dearth of new information in the market until Friday's lineup of Retail Sales and PPI. Don't get too complacent- a bold move on the Syria front or some Fed taper talk can always turn up the heat. Take your profits.


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