Morning Market Update with TBUZ TV

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Market Editorial - Chuck Crow
ES futures rallied on Thursday from an open at 6299.25 to a high of 6345.50. In overnight trading the market moved higher to 6357.00. The overnight open was 6342.50 and the overnight low has been 6338.50. We have another round of earnings before the opening bell which includes AXP, MMM, and SLB.
 
This market opened July at 6245.75, and has been showing off its strength. Whether or not that strength can be maintained depends on the message being sent by these earnings reports and the guidance they are delivering.
 
Above 6357.00 the market moves into the unknown. We can speculate that numbers like 6375.00 and 6400.00 are likely to be areas of possible resistance.
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