Pre-opening Comments for Friday August 5th U.S. equity index futures are higher this morning following release of the U.S. July employment report. S&P 500 futures were up 14 points in pre-opening trade. Consensus for July Non-farm payrolls was 75,000 versus 18,000 in June. Actual was 117,000. In addition, June data was increased to 44,000. Consensus [...]

Pre-opening Comments for Wednesday April 20th U.S. equity index futures are strongly higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Index futures were buoyed by higher than expected first quarter earnings reports reported overnight and weakness in the U.S. Dollar. Commodities priced in U.S. Dollar tacked on good gains. Crude [...]

  David Rosenberg raises concerns about U.S. equity markets following yesterday’s technical action. FP Trading Desk link: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/10/21/high-volume-selloffs-a-concern-rosenberg.aspx Technical comment on S&P 500 stocks: Interesting technical trading activity in U.S. equities this morning by stocks influenced by release of third quarter earnings reports. Selected stocks involved with “blow out” earnings have responded favourably. Best example [...]