Pre-opening Comments for Friday October 29th U.S. equity indices are down slightly this morning. S&P 500 futures slipped 1 point in pre-opening trade. Weakness was triggered by declines in Asian Markets. The Hang Sang Index fell another 0.5% to 23,096. The Index is down 3.4% from its October 14th high. The Nikkei fell another 1.75% [...]

Pre-opening Comments for Thursday October 28th 2010 U.S. equity index futures are higher this morning. S&P 500 futures are up 6 points in pre-opening trade. Index futures responded to weakness in the U.S. Dollar. Commodities priced in U.S. Dollars including copper, gold, silver and crude oil moved higher. Index futures added to gains following release [...]

Pre-opening Comments for Wednesday October 27th U.S. equity index futures are lower this morning. S&P 500 futures are down 6 points in pre-opening trade. Index futures are responding to strength in the U.S. Dollar. Strength in the U.S. Dollar has triggered weakness in commodities priced in U.S. Dollars including crude oil, unleaded gasoline, gold, silver [...]

  (Editor’s Note: No pre-opening comments today. Attending the ETF conference) Technical Action Yesterday Technical action by S&P 500 stocks remained bullish yesterday. Six S&P 500 stocks broke resistance (Cintas, Dr. Pepper, Express Scripts, Merck, Rockwell and Teradyne) and none broke support. The Up/Down ratio increased from 5.05 to (382/74=) 5.16. Technical action by TSX [...]

(Editor’s Note: No Pre-opening comments today) Economic News This Week September Existing Home Sales to be released on Monday at 10:00 AM EDT are expected to increase to 4.25 million from 4.13 million in August. August Case Shiller Home Price Index to be released on Tuesday at 9:00 AM EDT is expected to slip to [...]