Third time’s a Charm?
For a third time this week, Futures have signaled advance. In the last tow sessions though, the market opened differently and at the final hour or so the market sagged. Will it happen again?
Dow Jones futures rose 1.15% vs. fair value. S&P 500 futures climbed 1.35%. Nasdaq 100 futures advanced 1.30%.
China trade data showed a surprise gain in April exports, and an increase in crude oil imports. Also, states and countries continuing to gradually reopen their economies is providing a backdrop for the positive stock market trend.
Dow Jones futures could once again shift at 8:30 a.m. ET, when the Labor Department releases its latest weekly jobless claims figures. Millions more are expected to file for new unemployment benefits. On Friday, the April employment report will reveal a historic job loss and massive unemployment.
We’re Watching – Opportunistically
Let’s take a look at the Charts
Holding above critical support is good.
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WealthSentry Low Beta Retire (Intelligent Diversification) is made up of low beta equities which have the potential to out perform the S&P using high quality names in energy, real estate, food. technology, defense and retailing. We will adjust the portfolio, eliminating five of the weakest names, introducing new, stronger companies. 95% to 100% Target.
What we continue to see is the WealthSentry Retire portfolios are generally offering the best risk to reward scenario for our clients.
You’re in WealthSentry – We’re watching opportunistically.