By: Scott Redler
With today’s big gap-down on the open, I figured it would be a good opportunity to post another edition of The Morning Call. We came in this morning and the futures are down below lows from earlier in the week on the negative reports this morning. Tuesday we worked off some of that overbought condition, but yesterday we quickly erased the majority of those gains. This morning though, we are opening back below yesterday’s low. It will not be the easiest set-up for traders but continue to stay tuned to the action and there will be opportunity out there.