Good morning traders! Look for EOQ window dressing to carry us bullishly into the weekend. The DJIA should print 14k and the S&P may also test the magical 1550 level. But once those are achieved we should get a healthy consolidation, setting us up, then, for the "mother of all rallies" into the EOY, starting last next month. China stocks are just HUGE right now but also overextended. We've set up a new "China screen" and will be positioning ourselves there over the next few weeks. JASO is in that space.
GDP final just came out, just a tick below consensus, which is modestly supportive of a rally. Jobless claims too came in light, lowest number since May. Futures are up on both numbers. The party continues!!
Other stocks to consider: (longs): CY, NVDA, CHU, OMTR, TNE, VIP, GIGM (shorts): none
Chart of the Day: NNI (breakout pending)
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