Pre-opening Comments for Friday January 27th U.S. equity index futures are lower this morning. S&P 500 futures are down 7 points in pre-opening trade. Traders are waiting for Greece’s government and private investors to announce an agreement on Greek sovereign debt. Equity index futures moved lower following release of the advanced fourth quarter annualized real [...]
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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 [...]
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