NewsWare’s Trade Talk: Thursday, May 18

S&P Futures are continuing to display positive momentum this morning after yesterday's bullish mover higher. Unless there are indications of the debt ceiling talks breaking, equities should be able to hold onto and expand the gains. Concerns of a Fed rate hike at next month's meeting are likely to be dispelled tomorrow as Fed Chair Jerome Powel is scheduled to speak. The chip sector is positive this morning on news of investment and partnership with Japan. CSCO is weakening on concerns of declining orders. WMT has yet to report. European stocks are positive and oil prices are slightly lower.