Wednesday, July 9, 2008
Futures Up Moderately in Pre- Market Trading
After Tuesday's strong support bounce bullish engulfing patterns, futures are up in pre-market trading. Dow futures are up 30, S&P futures are up 3.75, Nasdaq futures are up 6 and the Russell futures up 1. As we have posted before, futures being up does not mean there will be an up day, but that is where the markets are starting from.
If the market moves higher this morning watch the resistance areas we mentioned in last night's post. If the market pulls back watch the S1 area of Tuesday's large white candle.
Stocks to Watch: AAPL, BIDU, FSLR, GS, CELG, IPI, MA, POT, V
You could also review the Moving Up stocks from Tuesday evening's post.
We'll be back later this morning after trading is under way ...
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