How strange! Stock market futures have now turned higher on a steady diet today of disappointing earnings reports. This, again, is why I simply ignore the news... and trade the charts. I suspect this rally is lead by falling crude oil prices, as the potential hit (on oil platforms in the Gulf) from Hurricane Dolly begins to ease slightly. From accuweather.com:
The rough surf should not impact U.S. oil and natural gas operations, since the majority of the offshore oil platforms are in the central Gulf.
How strange! Stock market futures have now turned higher on a steady diet today of disappointing earnings reports. This, again, is why I simply ignore the news... and trade the charts. I suspect this rally is lead by falling crude oil prices, as the potential hit (on oil platforms in the Gulf) from Hurricane Dolly begins to ease slightly. From accuweather.com:
