Premarket futures have a heavy bullish bias, and there’s ample reason to be so- ceasefire in Middle East, oil down to $73, and positive markets overseas. I’m looking for a strong rally for at least first few hours (Dow may gain +100), then we’ll see if the momentum can stick after noon.
Here are some expectations by me. If the Dow or Nasdaq can complete a 1%+ gain today, I expect the following to be very likely:
- HANS 4%-7% gain
- ASEI 4%-5% gain
- BDCO 7% – 10% gain
- AAPL 2%-3% gain
- TIE 4%-6% gain
