日本語
Español
中文
- New York 09:04
- London 14:04
- Barcelona 15:04
- Tokyo 23:04
- Sydney 01:04
The Dow Futures Report
This report has been deactivated
11
0
Traders take direction from banking stress test hopes
Fri, Apr 24 2009, 06:07 GMT
by Paul Brittain
US EQUITIES CONTINUE TO TRADE IN NARROW, VOLATILE RANGE. TRADERS TAKE DIRECTION FROM BANKING STRESS TESTS, HOME SALES DATA.
US EQUITIES struggled within a tight range, searching for direction in a session that was defined by conflicting data regarding earnings and readings from the housing sector. Traders and investors contended with better than expected earnings from Apple, which lifted the tech sector, as well as disappointing results from UPS. In addition, the negative side of the blotter offered lower than expected reading on US existing homes sales pressured market sentiment which had been supported yesterday by monthly back to back increases in home prices.
A late session push to the highs of the session occurred led by the financial sector. The move higher was led by rising hopes regarding the US banking stress tests and optimism regarding a meeting between President Obama and the heads of a number of credit card companies for the purpose of hashing out details regarding a credit card “bill of rights” for US consumers. S&P futures posted the highest session gains powered by financials. Once again, perceptions of progress and removal of uncertainty offers a positive bias to the market. Friday’s session offers another reading for the housing market (US new home sales). Expectations are for the market to be active in early session trading, settling into a tight range as traders square up positions for the week, settling near the 842.00 level for the S&P and 7893 for the Dow.
Technically, June Dow futures are likely to trade within a narrow range on Friday.
Expect the market to trade between 7960 and 7855. In a choppy, narrow trading range, sometimes less said is better. The key at this level is risk and money management. Seek out good support and resistance levels within ranges to trade.
| EQUITY RANGES | OPEN | HIGH | LOW | CLOSE | CHANGE |
| DJM9 (JUNE DOW) | 7845 | 7930 | 7750 | 7915 | 99 |
| SPM9 (JUNE S&P) | 842.30 | 850.00 | 831.50 | 848.70 | 11.80 |
| NDM9 (JUNE NASDAQ) | 1340.00 | 1345.00 | 1318.00 | 1342.00 | 18.50 |
_20090424061149.JPG "Dow Futures")
Published on Fri, Apr 24 2009, 07:58 GMT
Archive
- US Equities higher on better than expected pending home sales
Published On Wed, Jun 3 2009, 07:52 GMT - Sustainability of funding for economic recovery comes into question
Published On Thu, May 28 2009, 06:04 GMT - US Stocks rally as consumers sense recession may be bottoming
Published On Wed, May 27 2009, 06:17 GMT - US Stocks fall
Published On Fri, May 22 2009, 06:52 GMT - US Stocks retreat from early gains
Published On Thu, May 21 2009, 06:39 GMT
Alaron Futures and Options
| 822 W. Washington Blvd. Chicago IL 60607
http://www.alaron.com | info@alaron.com
Legal disclaimer and risk disclosure
Legal disclaimer and risk disclosure: Alaron Futures and Options, Futures Commission Merchant (FCM), specializes in futures, futures options, and cash metals through Alaron for Retail, Introducing Brokers (IB's) and Institutions. Alaron offers broker-assisted, single stock futures, discount, Simulated Trading, managed futures, access to several state-of-the art online trading platforms and systems trading. Trade online 24 hours a day! Direct-to-the market trading of E-Minis, Bonds and Notes, Single Stock Futures, Liffe, Eurex, Simex and more. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. Alaron Trading Corp., its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.Related reports
US: employment, not as bad as it looks by Danske Bank A/S
Fri, Nov 6 2009, 18:50 GMT
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
US Employment: Skills and Policy Issues—Beyond Stimulus by Wells Fargo Investments, LLC
Fri, Nov 6 2009, 15:25 GMT
indicator, eurusd, highlighted, education
View AllRelated content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
Mexico Stocks Close Higher As Peso Weakens; IPC Rises 0.5%
Dow Jones | Fri, Nov 6 2009, 21:42 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Canada Afternoon: C$ Ends Lower, Underperforms On Weak Jobs Data
Dow Jones | Fri, Nov 6 2009, 20:40 GMT
indicator, eurusd, highlighted, education
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.