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Tech Talk for Friday March 12th 2010

Daily Reports 10 Comments »

 
Pre-opening Comments for Friday March 12th
U.S. equity index futures are higher this morning. S&P 500 futures are up 5 points in pre-opening trade. Index futures are responding partially to weakness in the U.S. Dollar. Commodities priced in U.S. Dollars including crude oil, gasoline, copper, gold, silver and platinum are trading higher.
Crude oil prices also were [...]

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Tech Talk for Friday March 12th 2010

Daily Reports 2 Comments »

Technical Action Yesterday
Technical action by S&P 500 stocks remains bullish. Ten S&P 500 stocks broke resistance (BB&T Bank, Cintas, Danaher, Host Hotels, Key Banks, Lowes, M&T Banks, Viacom, Western Union and Zion) and none broke support. The Up/Down ratio increased from 3.19 to (327/98=) 3.34.
Technical action by TSX Composite stocks also remains bullish. Three TSX [...]

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Tech Talk for Thursday March 11th 2010

Daily Reports 2 Comments »

Pre-opening Comments for Thursday March 11th
U.S. equity index futures are slightly lower this morning. S&P 500 futures slipped 4 points in pre-opening trade. Index futures moved lower following release of economic reports at 8:30 AM EST. Weekly jobless claims eased 6,000 to 462,000. The January U.S. Trade Deficit narrowed to $37.3 billion. Consensus was a [...]

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Tech Talk for Wednesday March 10th 2010

Daily Reports 25 Comments »

Pre-opening Comments for Wednesday March 10th
U.S. equity index futures are mixed this morning. S&P 500 futures are unchanged.
Crude oil added $0.13 per barrel after OPEC raised its forecast for crude oil demand in 2010 to 900,000 barrels per day. ‘Tis the season for crude oil prices to move higher. l Futures (CL) Seasonal Chart

Chart [...]

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Tech Talk for Tuesday March 9th 2010

Daily Reports 17 Comments »

Pre-opening Comments for Tuesday March 9th 2010
U.S. equity indices are lower this morning. S&P 500 futures are down 4 points in pre-opening trade. Index futures are responding to overnight strength in the U.S. Dollar. Commodities priced in U.S. Dollars including gold, silver, copper and crude oil are trading lower.
China’s auto sales in February rose [...]

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