Pre-opening Comments for Wednesday June 22nd U.S. equity index futures are slightly lower this morning. S&P 500 futures slipped 3 points in pre-opening trade. Investors were encouraged by news that the Greek government passed a vote of confidence, but point out that proposed changes needed to receive bail out funds from the IMF and European [...]

Pre-opening Comments for Wednesday March 23rd U.S. equity index futures are mixed this morning. S&P 500 futures are down 3 point in pre-opening trade. Traders are waiting for comments on the economy later this morning by Federal Reserve Chairman, Ben Bernanke. Commodities priced in U.S. Dollars moved higher. Gold gained $4.30 per ounce, silver added [...]

  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 [...]

  Adobe Systems Inc. (NASDAQ: ADBE $33.20) News event: Adobe offers to purchase Omniture for $1.8 billion and reports lower than consensus third quarter earnings. Technical comment: Adobe currently has a positive technical profile. Intermediate trend is up. The stock trades above its 50 and 200 day moving averages. Strength relative to the S&P 500 [...]