Monday, July 14, 2008

Markets Holding in Early Trading

12:13 ET Indices have pulled back near Friday's lows. The Russell futures did not confirm an intraday resistance breakout at 671.90. It reached 671.70 and went to intraday lower lows in the past hour. 80 minutes into Monday's session, indices are near even. Indices opened higher and then retreated. The DJIA and SPX are slightly positive. The Nasdaq and RUT are slightly negative just before 11 am ET. The SOX the Nasdaq is slightly negative. The Russell futures may have made an intraday double bottom at 665. It has NOT yet broken through the 671.90 resistance high for confirmation. Monday's Early Action Moving Up: FSLR, POT, ANR, AAPL, MOS, MA, CLF, MEE, CF, CNX, AGU, BTU, IPI, MTL, JASO Moving Down: BIDU, DECK, AMZN, STRA, SOHU, PCLN, MER, CELG, NUE

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