Ahead of the open, (11-05)

The market may have finished higher, but there was little reason to rejoice the fact.  The sole reason is you can feel investors stepping further away from the turmoil by the lack of single stock action to the upside.   The only time there is buying this week is after stocks go 'deep' red and some dip buying occurs on the back of short covering.  Otherwise, ‘longs’ stay sidelined not willing to chase higher.

  

AMC,  the pile on continues with JPM shock loss news, sluggish/ short of expectations China eco’ data for April, (policy easing anticipation will grow).   Sentiment can’t get much worse, it’s hard to imagine what may turn it around.