Daily Delphi

Post: No Number Friday | Daily Delphi

BlogsPit Talk › No Number Friday September 20, 2013, 6:50 am

Everything is coming up roses. Yesterday's numbers all came in better than expected. Initial Claims were at 309K about 30K under expectations. Existing Home Sales came in at 5.48M vs 5.00M expected and Philly Fed came in over the top at 22.3. That's Philly's best showing since March 2011 and smoked expectations of 10.0. A week ago that would have been cause for pause but today saw no major setbacks after yesterday's rally. Oil came under pressure shedding -1.42 from Wednesday's rally. Seems the Iranians want to disarm and the Libyans are getting back into the oil business.

chirp, ---- chirp
No numbers today. We'll be watching to see if there is any profit taking going into the weekend. Sunday's talking heads will have kinds of prognostications about Big Daddy Fed and government shutdown showdown talk. No one seems overly anxious right now, so let the good times roll. Have a profitable trading day.

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