Before the Open (Oct 7)
by admin on October 7, 2009
in Before the Open
Good morning. Happy Wednesday.
Heading into this week, the bulls had their backs against the wall and as they’ve done several times the last 7 months, they’ve responded. Here’s the daily SPX. Higher highs and higher lows remain the pattern – the intermediate term trend remains up. …
Here’s the 60-min. The uptrending line shown is significant for now. The more touches, the more important. And two gap ups remain unfilled.
I’ve talked about the UD dollar playing a role in the market’s movement. A weak dollar helps; a strong dollar does not. The trend remains down, so for now the market is getting a little boost.
The S&P is down 2 points for the month – not bad considering how the month started. After the close today we’ll look at the put/call open interest for Oct to see if once again the bears have loaded up in anticipation of a big sell-off. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
yesterday’s Sector Performance
this week’s Earnings Reports
this week’s Economic Numbers
open a real-time futures demo account at…
all’s quite on the eastern front.
I meant quiet, quite quiet
I think there’s some serious hedging going on in the Q’z. What I noticed from the after/premarket was strong trend continuation with a possible trading/breather line @:
43.43407
however, I wouldn’t recommend long calls unless it pulls back to:
41.77707
or there abouts.
just a hunch.
wow, @ 9:48am it did that! What am I holding these puts for???
anyone have any thoughts?
Well, I guess I’m the only one watching this. Kind of like watching paint dry. Reminds me of old Doc singing:
The sun comes up and the sun goes down
And the hands on the clock go round and roumd
I just wake up and it’s time to lay down,
Life gets teejus, doon’t it.
Big dog’s move it up then a little down
adjustin’ their hedges to the fraction hair
spinning my head like Linda Blair
what do I care it’s only money
Yes it does, Doc. It sure does.