Watching Pullbacks for an Entry

Considering all the negatives there are this morning, the indices aren't down that much. We have renewed worries about Brexit due to calls for a snap election in the U.K. and concern about the French Presidential election. In the U.S., we have bonds moving steadily higher which calls into question the Fed's increased hawkishness and predictions of better economic growth.

In addition to the macro factors, we have poor reaction to earnings from major companies such as Netflix (NFLX) , Goldman Sachs (GS) and Johnson & Johnson (JNJ) . Even Bank of America (BAC) , which posted good numbers, is trading in negative territory as the gap-up open was sold....285 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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