Hold on to your seats ladies and gentleman today is going to
be a wild ride. There is so much data
coming out by 9am it’s anybody’s guess as to what the markets will do. I suggest a wait and see approach before
jumping in. The ADP jobs report and the ECB
rate decision will most likely be the main movers of the market but there is
also the manufacturing data and consumer data coming out as well.
I’m going to be looking at WMT again to respond off the
consumer data and knowing that some analysts have a $79 price target on WMT
it may nudge closer to that goal.
However I’m going to wait for it to pull back first. Usually it has a pull back after the 10:30am
time frame.
ATT (stock symbol “T”) is also declaring their dividend on
Friday which will likely drive the price higher so I will look to pull out of
my position before the close of the market today.
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