chartCall it fatigue. Markets on Thursday tried to continue a push upwards but could not find strength as they fell towards the red heading into the closing bell. Today the Dollar finally firmed up while oil fell. This caused the larger companies like Exxon and Chevron to fall on the markets. The sectors that were finding the biggest drops were in the financial and telecom sector. Volume once again, was light. Disney (DIS) was a great stock on Thursday that reacted with a pop after the company posted better-than-expected results and its certain this momentum will carry into Friday.

Here is the market summary for Friday:

Heading into Friday, markets will be watching the dollar and many of the retail stocks as companies in this sector will be posting earnings as well as guidance of what is expected. Most retail stores are already saying there will be less big sales and with Wal-Mart in a price war with Amazon, will be interesting to see how the other players will position themselves as margins are increasingly slashed to lure customers away from other stores.

Watch consumer sentiment early in the morning to gain an idea of how markets will react during the day. This economic indicator will pair well with the retail earnings Friday as either good catalysts for a markets advancement or another bump on the road. I’m still ready to pounce on (PCS) which was up Thursday. I feel the current market price is fair, but don’t like to pay fair price and will sit for my bargain. Even a $.10 drop in the share price and I will be in.

Happy Investing!

Aman, MBA

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