Monday, July 28, 2008

10:33 ET DJIA -57, SPX -2, Nasdaq -7, RUT - 5, SOX -2, USO +0.12 Markets are down modestly in the first hour of trading, at this moment the indices are holding above the key short-term support levels we mentioned in Friday's post. Watch for confimation of bullish haramis today and whether the indices break short-term support or resistance. These levels hold the key for short-term traders. Monday's Early Action Moving Up: BIDU, PCLN, X, CLF, ANR, CNX, CF, NUE, BUCY, BTU, AGU, SINA, ME, SCHN, GRMN, FLWT, MOS, V, Moving Down: MTL, AAPL, AMZN, NIHD, DRUS, DECK MER, ESRX, SOHU, POT, RIMM

1 comment:

Peggy said...

Looks like you nailed that 1250 support on the SPX. Can you please explain you "C" pattern?
Thanks,
Peggy