Pre-opening Comments for November 13th
U.S. equity index futures are slightly higher this morning. S&P 500 futures are up 3 points in pre-opening trade. Slight weakness in the U.S. Dollar contributed to strength.
Equity index futures did not respond significantly to news on the U.S. Trade Deficit released at 8:30 AM EST. Consensus for the September trade [...]
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Microsoft Corp. (NASDAQ:MSFT) – $28.43
News event: Blow out third quarter earnings
Technical comment: Microsoft currently has a positive technical profile. Intermediate trend is up. The stock trades well above its 50 and 200 day moving average. Strength relative to the S&P 500 Index has been exceptionally positive since May. Volume today has been impressive. Short term [...]
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October 1st 2009
S&P 500 Index ($SPX 1,039)
News event: A break below key a technical level this morning.
Technical comment: This morning the S&P 500 Index broke below its intermediate up trend and completed a rising wedge pattern. The breakdown occurred shortly after short term momentum sell signals and bullish percent index sell signals were recorded. Intermediate [...]
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