Daily Delphi

Post: Tuesday - No new data today 11/12/13 | Daily Delphi

BlogsPit Talk › Tuesday - No new data today 11/12/13 November 12, 2013, 6:50 am

TODAY'S ACTION

There won't be any market reports released today and we're getting near the end of earnings season. There will be 35 companies announcing quarterly earnings today. After yesterday's thin volume and sideways trade we may see some market indecision early on. As the day progresses traders are going to be listening for clues as two separate Fed Presidents speak in the afternoon. Everyone wants to know what Big Daddy thinks and how soon the Fed will call last call. After last week's round of positive data the signs are pointing to the December FOMC meeting. That kind of talk will keep prices under pressure but as the kids in congress declare their intentions towards the Yellen (the Dove) nomination you never know when we could see a real uptick.

MONDAY RECAP

Volumes were light across the board as traders took time to observe Veterans Day. In a nutshell the December S&P was up +1.50 to close at 1767.60, Gold was down -3.5 to settle at 1281.1 and December Oil settled +.54 at 95.14. It wasn't much to look at but it did get us to today.


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