Minyanville's T3 Morning Market Call: Can Jobless Claims Trigger Range Resolution?
Futures are firming up this morning after better-than-expected jobless claims and we are now set for a higher open despite a mediocre round of bank earnings. We continue to build this tight upper level base and have had enough rest to work off the entire oversold reading from the market after the fast start to the year. Traders were looking for earnings season to be a potential catalyst for a range break but so far it has not had that effect. Perhaps this bullish news from the job front could be the caffeine the market needed.   The S&P ...
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