Day Traders Diary

01/27/2012

WRAPX S&P futures vs fair value: -5.20. Nasdaq futures vs fair value: -3.30.
News that fourth quarter GDP fell short of expectations has weighed on stock futures, such that a modestly lower start to the session is expected to position the broad market for its first weekly loss in four weeks. Mixed to weak action in Europe and a pullback by the euro from its morning high certainly haven't done anything to bolster buying interest in the face of the disappointing data. Earnings haven't generated much excitement either, although overall results have been generally upbeat.

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