7/10/2013 Market Blog

Our initial blog will start off with a basic market overview and a feature chart of the day.

• Overnight China warned of a "grim" outlook for trade after data showed exports fell 3.1 percent in June against a forecasted rise of 4 percent. This is the first time exports had fallen in 17 months.
• European shares fell in sympathy of the Chinese data and are currently trading down roughly half of one percent.
• S&P500 futures fell 2.8 points and were slightly below fair value.
• Markets will be keyed in on the Federal Reserve minutes which will be released at 2pm et today. last few times the markets heard from the Fed there was a modest selloff so, customers may want to keep this in the back of their mind.
• Our markets are pushing on all time highs, can we break through is the question. The small cap Russell 2000 index (IWM) already has on rising volume, the Transportation index (IYT) broke through a downtrend line with triple moving average crossover and huge volume, most of that was more than likely do to the rumor that Carl Ichan was considering a bid for Federal Express (FDX)