Tuesday, October 12, 2010

Futures Point to a Lower Open...

ES -4.75 and NQ -6.00 are lower in pre-market trading about 90 minutes before the open...there is a modest downward bias in pre-market quotes listed below...

TLT is unchanged and the Euro is down 54 pips...

The SPX traded in a narrow range on Monday likely waiting for earnings season which starts today with CSX, FAST and INTC after the close...INTC, a bellwether company, will give traders and insight to to the strength of the semicondutor and tech sector and well as the economy...its report could be the catalyst on the short term direction of the market for the rest of the week...

Quoting Down - BUCY, FCX, SNDK MHS, CLF, UPS, WLT, ATW, VMW, FAS, LVS, HSY, FSLR, WYNN, BIDU, CERN, LBTYA, AAPL, GENZ LRCX, AMZN, ORCL ROST, CTSH

Quoting Up - PCLN, NFLX, SINA, RMBS, IPI, CMG, USO, GOOG, ORLY, LOGI, FISV, ILMN, SIAL, ISRG, CTXS

2 comments:

Judy said...

Good morning Dave, I missed your blog last night, so got caught up this AM. Things seem to be consolidating this expiration week. It will be interesting to hear what happens with INTC. Thanks for the tip! Have a great trading day. Judy

CR said...

Thanks Dave Have a great week