Friday, March 20, 2009
Futures Are Mixed...
11:55 am ET - near mid-day ES -2 futures continue to trad near the support end of this morning's range...volatility less than typical options expiration Friday...VNO, SPG, DECK, WHR, SPY, BDK, FWLT, WYNN trading to the downside...
10:05 am ET - SPY is breaking the low of Thursday high day...ES -2 may be on ther verge of breaking support...
10:00 am ET - Today is options expiration Friday and which generally makes for a more volatile day...early trading has stayed in a tight range after a small rally ES has moved to near Thursday's close and is flat...still watching for break of support or resistance...near support now...
9:39 am ET - Indices are trading flat...SPG and VNO gap down...break the low of the high day...WHR near Thursday's low and WYNN trading down...other stocks in At the Open are slighty higher...
BMO - ES +2 and NQ -1 futures are mixed in pre-market trading indicating a flat open in the cash markets. Watch Thursday's low points to see if they are broken in early trading which could indicate follow through to the downside.
At the Open on Friday
SPY – dark cloud cover…high day…watch for break of Thursday’s low
BA – black candle confirms Wednesday’s hanging man and Monday’s shooting star…closed below Monday’s high day
WHR – spinning top…high day… watch for break of Thursday’s low
BDK – shooting star…high day…watch for break of Thursday’s low
DE – shooting star…high day…watch for break of Thursday’s low
WYNN – black spinning top did not confirm Wednesday’s hanging man
ADS – bearish engulfing pattern…high day
DECK – black spinning top…high day… watch for break of Thursday’s low
VNO – dark cloud cover…high day… watch for break of Thursday’s low
SPG – dark cloud cover…high day… watch for break of Thursday’s low
FWLT – black spinning top…high day… watch for break of Thursday’s low
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1 comment:
Hi Dave,
The SPX, SPY and $RUT have broken the low of the high day in what appears to be a huge bear flag set up. If the prices appear to be closing below the low of yesterday that would indicate an entry signal to go short correct? Is this what you're seeing? Looks like the market is going to pull back.
T
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