We're set to gap up this morning. This note from Briefing.com explains why:
09:00 S&P futures vs fair value: +8.5. Nasdaq futures vs fair value: +15.0.Futures trade continues to strengthen and suggest a rally at the start of trading... The impressive job growth seen in the May employment report, the bullish mid-quarter update given by INTC last night, and the recent drop in the price of crude oil have all contributed to the upward bias.
I've managed to find several long candidates but my list of shorts is still twice as long. I'm setting the alerts for both groups (as always). If the interest rate hike fears kick in today some of those shorts just may trigger -- stranger things have happened.
I like your blog. However, I've been trying to understand the trade signs. I just can't get it. You know that Nasdaq, etc. if you could explain that to me, that will be very good.
Thanks man!
Jamille,
Can you be more specific? I have a lot of material in my archives. Perhaps you should take a look around. My (unfinished) Trading 101 series may be a good place to start. Also the books over to the right were a great help to me. 'How to Make Money in Stocks' is a great one to start with.
Good luck.