Pre-opening Comments for Monday October 3rd U.S. equity index futures are lower this morning. S&P 500 futures are down 7 points in pre-opening trade. Index futures are responding to news from the Greek government that it will not reach deficit targets needed to receive relief from its sovereign debt crisis. Amazon.com added $1.02 to $217.25 [...]

We are now starting to see stocks listed as Oversold according to the technical indicators, after the many weeks of advancing markets.   Out of the list of stocks analyzed, 6 are listed as oversold according to the Relative Strength Index and 141 according the the Fast Stochastic indicator.   Donny V is saying that “history shows [...]

  Microsoft Corp. (NASDAQ:MSFT) – $28.43 News event: Blow out third quarter earnings Technical comment: Microsoft currently has a positive technical profile. Intermediate trend is up. The stock trades well above its 50 and 200 day moving average. Strength relative to the S&P 500 Index has been exceptionally positive since May. Volume today has been [...]

  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 [...]