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