Overnight:
Sept. 21 (Bloomberg) -- European stocks rose, led by carmakers, after Goldman, Sachs & Co. recommended the industry. U.S. index futures gained.
ORCL is finally turning futures around. Watch NQ resistance at 2071.25, support 2062.50. Oil is still above 81, but did back off monthly R2 (81.85) and maybe some traders are expecting a larger drop? EUR/USD is probably overdone and due for some backing and filling. JPY/USD is definitely dropping. This tape is still dangerous to stay short in as long as NDX holds the 9/4 highs, although daytrades have been fine.
Sept. 21 (Bloomberg) -- European stocks rose, led by carmakers, after Goldman, Sachs & Co. recommended the industry. U.S. index futures gained.
ORCL is finally turning futures around. Watch NQ resistance at 2071.25, support 2062.50. Oil is still above 81, but did back off monthly R2 (81.85) and maybe some traders are expecting a larger drop? EUR/USD is probably overdone and due for some backing and filling. JPY/USD is definitely dropping. This tape is still dangerous to stay short in as long as NDX holds the 9/4 highs, although daytrades have been fine.
This entry was posted
on Friday, September 21, 2007 at 9/21/2007 04:39:00 AM.
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