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Tech Talk for Wednesday October 21st 2009

Daily Reports 15 Comments »

Pre-opening Comments for Wednesday October 21st U.S. equity index futures are lower this morning. S&P 500 futures are down 4 points in pre-opening trade. Weakness can be attributed to a modest recovery in the U.S. Dollar plus profit taking on news when major companies report third quarter earnings. Strength in the U.S. Dollar has triggered [...]

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Technical Comments on Equities in Today’s News

Notable Stocks 3 Comments »

  September 24th 2009 Crude oil prices: $66.48 U.S. per barrel News event: Crude oil breaks a key support level at $67.05 U.S. per barrel Technical comment: This morning, crude oil broke below support at $67.05 U.S. per barrel and its 50 day moving average at $69.74. Short term momentum indicators (MACD, RSI and Stochastics) [...]

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