SHORT TERM: US and many Western markets closed
Found a few Asian markets open today that had a net loss of 0.7%. A couple of economic reports were released at 8:30. The CPI was reported lower: -0.3% v 0.1%, and retail sales were reported lower: -0.2% v 0.1%. Reports for this week were mostly negative. Around 11am the Q1 GDP estimate was lowered to 0.5% v 0.6%. On a brighter note Q1 GAAP earnings were reported +6.1%. The SPX gained 5.3% during Q1. Enjoy your holiday weekend!
MEDIUM TERM: downtrend
LONG TERM: uptrend