DrStoxxTrading Room: Morning Comments "Morning all...earnings are mostly behind us now, so is the FOMC, and markets are still trading in a tight choppy range not far from new ATH's. This week is all about economic data. We get the two big ISM reports, then a long list of jobs data...all of which will help answer the question: is the US economy truly getting back to normal levels or not? We should see movement with each new report starting today at 10am. The indexes are poised to start a nice summer rally, especially the S&P which could be as high as 4600 by the time we are done...and the Naz which is very tight and ready to pop. But bad data could change all that....I have a list of bullish charts for new entries and will be running scans after the ISM report. So, as always, stay tuned!"
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