I wake up to find the SPUZ putting in a flatline performance - should I crawl back into bed or go grab some coffee? Im gonna stick around the house this morning to see my kids off to their first day of school and especially my son who heads to his first day of kindergarten.
Yesterdays action felt like a bit of a gamechanger as far as the markets makeup but the bulls have been very good at marginalizing the effects of the downdays. 958 is the 50 day moving average in the SPUZ and 950 is our target so thats how we are playing.
A company I watch ZALES (ZLC) was supposed to release earnings today and postponed it till next week - thats probably not a good thing - but if the stock gets hammered on that news Ill look to buy it.
Anyways Ill have more to report later - have a good morning
JB
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