Futures Down Before Markets Opens

Dow, S&p and Nasdaq futures are down about a half hour before the open. Watch to see if the cash markets follow or prices rebound. Again stay focused on the short-term support lows from Wednesday through Friday last week and the support of the mid-section of last Tuesday's large white candle. A break below these levels would represent a change from the short-term up trend of the last few weeks. Earnings begin to trickle out this week and begin in earnest next week. Overall estimates are looking for lower earnings in the first quarter compared to a year ago. February pending home sales and FOMC Minutes will be released today. AAPL was also down in pre-market. See yesterday's and last week's posts for stocks we're watching.