Pre-opening Comments for Wednesday September 7th U.S. equity index futures are higher this morning. S&P 500 futures are up 15 points in pre-opening trade. Index futures moved higher after the German courts agreed that sovereign debt transactions by the German government are constitutional. European equity markets quickly posted 2 percent gains. Gold responded to the [...]
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Bye Bye 10,000 Dow…Hello 9,995 Dow. Bye Bye to some gains as well. Out of the 673 stocks analyzed in the S&P 500 and the TSE, 203 advanced, 463 declined and the remaining 7 played hooky in order to take a long weekend. Everyone is expecting a big week this week with some major players [...]
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Best Buy Company Inc. (NYSE: BBY $$39.29) News event: Announced lower than expected second quarter earnings Technical comment: Best Buy currently has a positive technical profile. Intermediate trend is up. The stock trades above its 50 and 200 day moving averages. Intermediate support is at $31.25. Intermediate resistance is at $41.89 recently was tested [...]
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