Sep 03
Technical Action Yesterday
Technical action by S&P 500 stocks remained bullish yesterday. Twenty one S&P 500 stocks broke resistance (AvalonBay, Boston Properties,
CB Richard Ellis, Darden Restaurants, Eastman Chemicals, Equity Residential Properties, Expedia, Forest Labs, FMC Tech., Freeport McMoran Copper & Gold, Fortune Brands, Home Depot, Masco, Mead Johnson, Philip Morris, Progressive, Sempra Energy, Simon Properties, [...]
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Sep 02
Pre-opening Comments for Thursday September 2nd
U.S. equity index futures are mixed this morning. S&P 500 futures are up 1 point in pre-opening trade. Futures did not change significantly following release of economic news at 8:30 AM EDT. Consensus for weekly jobless claims was 475,000. Actual was 472,000. Consensus for revised second quarter productivity was -1.6% [...]
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Sep 01
Pre-opening Comments for Wednesday September 1st
U.S. equity index futures are higher this morning. S&P 500 futures are up 13 points in pre-opening trade. Investors are responding to a report on China’s manufacturing index showing higher than expected growth. Auto production in China increased 55% during the past 12 months.
Index futures briefly slipped on news [...]
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Aug 31
Pre-opening Comments for Tuesday August 31st
U.S. equity index futures are down again this morning. S&P 500 futures are off another 4 points in pre-opening trade. Traders are concerned about economic news to be released later this week that confirms a slow down in growth. In addition, traders are concerned about possible implications of Hurricane Earl [...]
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Aug 30
Pre-opening Comments for Monday August 30th
U.S. equity index futures are slightly lower morning. The S&P 500 Index futures were down 3 points in pre-opening trade. Investors are starting to focus on the possibility of Hurricane Earl reaching the U.S. east coast later this week.
Index futures were unchanged following release of economic news at 8:30 [...]
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