Any thoughts on market direction. Appears may be overbought and not sure when the debt ceiling issue will hit the trading.
The debt ceiling issue is some time away. It takes time for the market to digest GDP reports. It needs a weekend and WSJ coverage to fully reflect news. This sector's market is not highly efficient.
Good point JM, Just came out a possible 3 month extension of the debt ceiling. If Sina breaks through the wall of 56 it would be bullish.