Pre-open:
Aug. 22 (Bloomberg) -- U.S. stock-index futures advanced, limiting a weekly drop in the Standard & Poor's 500 Index, on speculation Lehman Brothers Holdings Inc. may be acquired and as oil's slump buoyed the profit outlook for airlines and automakers.
Oil falls below 120, bonds stay red and equities are in the green. ES is hitting some pretty strong resistance at 1286. NQ stalled at 23.6% Jul/Aug (1927) and pulled back to the 1918 level, now also its 5 dma. Gaps will be NQ 1907.25 and ES 1275.50.
Aug. 22 (Bloomberg) -- U.S. stock-index futures advanced, limiting a weekly drop in the Standard & Poor's 500 Index, on speculation Lehman Brothers Holdings Inc. may be acquired and as oil's slump buoyed the profit outlook for airlines and automakers.
Oil falls below 120, bonds stay red and equities are in the green. ES is hitting some pretty strong resistance at 1286. NQ stalled at 23.6% Jul/Aug (1927) and pulled back to the 1918 level, now also its 5 dma. Gaps will be NQ 1907.25 and ES 1275.50.
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on Friday, August 22, 2008 at 8/22/2008 09:20:00 AM.
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