Morning Market Update with TBUZ TV

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Market Editorial - Chuck Crow

The second of the 3 day run to close out May begins today. GDP is the headline piece of information. This is a revision of last month's preliminary GDP report. The number itself is less important this time around, than is the change from the previous report. The prior GDP read showed –0.3% (a 0.3% contraction).

The ES futures made a new high of the month in overnight trading, moving up to 6008.00. They opened the session at 5923.50, and the climb is based on a news event, so some retracement is expected. The open of the year in the ES at 5949.25 could be a support level to watch.


News for the Week






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