Monday, March 2, 2009

Monday Following Friday's Trend?

11:20 ET - After a brief rally the SPX -19 and Nasdaq -28 have moved lower again making new lows. All Sector ETFs and most stocks in our watchlists are moving lower with the broad market this morning. 9:50 ET - The VIX opened around 50, up almost 4 points from Friday's close confirmed the gap down in the SPX and started to move down after the open. The SPX -10 and Nasdaq -9$spx are edging up from their gap down BMO - About 10 minutes before the opening bell SPX -14 and Nasdaq -16 futures are down, pointing to a lower open. We'll see if cash traders follow the futures after the open... While the largest part of earnings season is over, here are stocks that caught our attention this Monday morning: Symbol Earnings Estimates CMED 0.67 beat 0.16 DISH 0.48 below 0.49 OSG 2.53 beat 1.67

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