Futures point to small opening gain


Stock index futures are marginally higher after yesterday's record-setting close for the S&P 500 fell just short of the 2K mark.

Europe's ahead moderately and a 1% decline in Shanghai led Asia lower overnight.

The 10-year Treasury yield is down one basis point at 2.38% and gold is up $10 per ounce to $1,289.

ETFs: SPY, QQQ, SH, DIA, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, QID, RSP, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU

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Comments (4)
  • John Georgiou
    , contributor
    Comments (234) | Send Message
     
    technicaly seems that stock market will suffer , more to http://seekingalpha.co...
    26 Aug 2014, 07:59 AM Reply Like
  • T-time
    , contributor
    Comments (967) | Send Message
     
    John, may seem that way technically, but realistically it is not happening.
    What are the fundamentals that will support a correction (~20 to 30%)? Outside some tragedy or homeland attack, all fundamentals are proving bullish for stocks at the moment. The fact that it has been a long bull run and prices are high is NOT a true fundamental. Low interest, minimal inflation, fed inflows - and the fact there is just no better place to invest at the moment, even globally, - this is what is driving it. We will have corrections but I don't see a large one on the horizon at this moment.
    26 Aug 2014, 09:06 AM Reply Like
  • T-time
    , contributor
    Comments (967) | Send Message
     
    one more to add: as long as unemployment remains above 5.2 to 5.5% or so, we continue to see bullish stocks. Keep an eye on this one.
    26 Aug 2014, 09:10 AM Reply Like
  • monty1943
    , contributor
    Comments (5) | Send Message
     
    Don't forget the fed chair she must be long the SDS. Never seen a run quite like this one! Just incredible!
    26 Aug 2014, 09:58 AM Reply Like
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