Thursday, September 30, 2010

Futures Point to a Flat to Slightly Lower Open...

BMO - ES -1.75 and NQ -1.25 are near even about an hour before the open pointing to a slightly lower to flat open...the SPX is at resistance 1,148 area with a mixture of positive and weak technical indications...the Financial sector XLF has continued to be weaker than the market this week as interest rates have again retreated....

TLT is up 40 cents and the EURO is up 32 pips in pre-market trading...

SPX
Resistance 1,148, 1,170
Support 1,130, 1,115, 1,100

Trading Down - POT, CRM, CRUS, GS, WMT, TBT, ORLY, ISRG, AMZN, NTAP, BRCM, BIDU

Trading Up - PCLN, TSL, TLT, USO, NFLX, UCO, MOS, CREE, RYAAY, URBN, AAPL, LOGI, RIMM

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