Pre-opening Comments for Thursday October 27th U.S. equity index futures are sharply higher this morning. S&P 500 futures are up 32 points in pre-opening trade. Index futures are responding to news that Europe has reached an agreement on restructuring Greece’s debt and supporting European banks that hold Greece’s debt. Index futures were unchanged following [...]
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Pre-opening Comments for Monday April 25th U.S. equity index futures are higher this morning. S&P 500 futures are up 2 points in pre-opening markets. Index futures are responding to additional weakness in the U.S. Dollar. Commodities priced in U.S. Dollars continue to move higher. Gold gained $8.10 per ounce to another all time high. Silver [...]
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Dow Jones Industrial Average ($INDU – $10,170.11) News event: Breaks to a new 2009 high. Technical comment: The Dow’s intermediate uptrend was confirmed this morning on a break above resistance at 10,119.47. Short term momentum indicators continue to recover. MACD recorded a positive cross over this morning. Seasonal influences are positive until near the [...]
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