Pre-opening Comments for Tuesday September 6th U.S. equity index futures are sharply lower this morning. S&P 500 futures fell 31 points in pre-opening trade. Index futures are responding to a significant drop in European bank shares over the weekend on growing concerns about their holdings of Portuguese, Spanish, Italian and Greek sovereign debt. U.S. banks [...]
Read more »
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 [...]
Read more »
