We’ve got a gap up for a change. If I were trading today — I’m not b/c of options expiration — I’d be watching for the October low on the Dow. It would be a good sign for the bulls if it can climb back over that level but it’s probably more likely [...]
The test of the Dow’s October lows seems to be the first order of business this morning. Brace yourselves…
On Today’s Calendar:
10:00 — Leading Indicators
10:00 — Philadelphia Fed
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
We’ve got a little selling pressure this morning as the tug-of-war around those October lows continues.
On Today’s Calendar:
10:35 — Crude Inventories
2:00 — FOMC Minutes
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
We’ve got another 2% gap in the making today. QQQQ is already trading under its opening level from last Thursday’s big reversal session. The obvious index levels to watch are Thursday’s intraday lows.
On Today’s Calendar:
nothing
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
It’s the new normal again this morning — a 2% gap to start the day. I guess we have to expect some retracement of yesterday’s huge move. I’d like to see the bulls hold at intraday support from Wednesday — on the QQQQ that’s around 29.50, which is about 1% lower than where [...]
I’m surprised that Intel alone hasn’t put a ton of selling pressure on the market this morning, much less the other bad news like the high initial jobless claims. So it looks like a mixed open — S&P up a bit, Nasdaq down a bit. If we do get more selling the bulls [...]
Another day, another 2% gap…
On Today’s Calendar:
10:30 — Treasury Secretary Paulson speaks
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
We’re in for more weakness this morning and some round-number support will be tested on both the S&P 500 (900) and Nasdaq (1600). It sure feels like the market wants to slice right through those levels and retest the October lows though.
On Today’s Calendar:
nothing
More Calendars: U.S. Earnings | Conf. Calls | Surprises [...]
China’s announcement of a stimulus package has world markets flying this morning. Our own QQQQ is already trading about 3% higher in the pre-market session. That’s a good pop but it’s still well below last week’s high. I’d be surprised if the indices made it to the November 4th highs today but, [...]
We’ve got a flat/mixed open for a change, which may be a good sign given all the angst over the jobs report which was released this morning.
On Today’s Calendar:
10:00 — Pending Home Sales
10:00 — Wholesale Inventories
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
Four longs and one short candidate:
99 [...]
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