Pre-opening Comments for Wednesday September 30th U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures were virtually unchanged following release of economic news. Consensus for the September ADP Employment Report released at 8:15 AM EDT was an increase to 650,000 from an upwardly revised […]

Pre-opening Comments for Tuesday September 29th U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. McCormick slipped $4.18 to $191.00 despiter reporting higher than consensus fiscal third quarter revenues and earnings. The company also announced a 2 for 1 stock split. Walmart added $0.28 to $137.53 […]

Morning Technical Notes for Monday September 28th Solar ETF (TAN) moved above $57.95 to an all-time high. TCOM (TCOM), a NASDAQ 100 stock moved above $31.01 extending an intermediate uptrend. Seattle Genetics (SGEN), a NASDAQ 100 stock moved above $187.99 to an all-time high extending an intermediate uptrend. Base metal stocks are under technical pressure. […]

Pre-opening Comments for Friday September 25th U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Index futures were virtually unchanged following release of the August Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 1.5% versus an upwardly revised gain of 11.7% […]

Mid-Morning Technical Notes S&P Bank SPDRs (KBE) moved below $27.93 setting an intermediate downtrend. S&P Regional Banks SPDRs (KRE) moved below $33.67 setting an intermediate downtrend. China Large Cap iShares (FXI) moved below $41.09 completing a double top pattern. Cameco (CCJ), a TSX 60 stock moved below US$10.05 and Cdn$13.49 setting an intermediate downtrend. Canadian […]