Pre-opening Comments for Thursday September 8th U.S. equity index futures are lower this morning prior to President Obama’s joint Congressional speech on jobs tonight at 7:00 PM EDT. S&P 500 futures are down 8 point in pre-opening trade. The OECD lowered its estimates for GDP growth in the developed world in the second half of [...]
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Research In Motion (NASDAQ:RIMM) – $69.00 News event: Reported higher than consensus third quarter earnings. Technical comment: Research In Motion currently has a positive intermediate technical profile. An intermediate uptrend was established last week on a break out above $65.16. The stock moved above its 50 day moving average last week and above its [...]
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Wednesday September 30th Nike Inc. (NYSE: NKE $64.39) News event: Higher than consensus first quarter earnings. Technical comment: Nike has a positive technical profile. Intermediate trend is up. The stock trades above its 50 day and 200 day moving averages. Strength relative to the S&P 500 Index has been positive during the past two [...]
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