MomentumOptionsTrading.com Midday Update for 6/4/2014
Wall Street is on standby as the world awaits what ECB President Mario Draghi has to say.
The market is expecting the European Central Bank to announce some sort of quantitative easy or stimulus program for Europe. Expectations are for something big but the Draghi has a long history of disappointing Wall Street.
The bulls are expecting something good as well as they are trying to push the market higher. The bears are hoping for a sell the news event.
The Dow is up 3 points to 16,725 while the S&P 500 is higher by 2 ticks to 1,926. The Nasdaq is gaining 16 points to 4,250 and the Russell 2000 is gaining 3 points to 1,129. Both good signs.
I have 2 New Trades for today so let’s go hit the Members Area!