Overnight update:
Another big acquisition and equities move up, especially NQ. Link
Now trading above 1770 pivot (June contract). Remember to watch NDX 1761.46 resistance when cash opens. Cash to futures is -21 for NDX.
YM (Dow futures) traders will note the action at 12395, 61.8% Friday. If we are to have an inside day, watch those fibs.
Gold finds resistance at 656, but it's above 50 DMA as the dollar loses ground to the Euro. The Yen is still weak as is oil, which did find support at weekly S1. Rates are up, so the gold bid still looks odd to me. Nevertheless, it seems they want to hold 650 .
No big economic news until tomorrow and retail sales. TXN does have an update today, so watch that stock.
Another big acquisition and equities move up, especially NQ. Link
Now trading above 1770 pivot (June contract). Remember to watch NDX 1761.46 resistance when cash opens. Cash to futures is -21 for NDX.
YM (Dow futures) traders will note the action at 12395, 61.8% Friday. If we are to have an inside day, watch those fibs.
Gold finds resistance at 656, but it's above 50 DMA as the dollar loses ground to the Euro. The Yen is still weak as is oil, which did find support at weekly S1. Rates are up, so the gold bid still looks odd to me. Nevertheless, it seems they want to hold 650 .
No big economic news until tomorrow and retail sales. TXN does have an update today, so watch that stock.
This entry was posted
on Monday, March 12, 2007 at 3/12/2007 06:34:00 AM.
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