1. Most Discussed
  2. Gainers & Losers

us early market report

  1. acouch

    5,581 Posts.

    something for you to read in case you are interested...
    have a good night

    ading Kit Plus Special Market Reports Specifically
    Designed For Futures And Option Traders. http://www.ino.com/specials/barkley/invpackage.html


    7:00 AM ET. MBA Refinancing Index (last +4.2%)

    8:30 AM ET. May durable goods (seen +0.5%, last +1.1%)

    9:00 AM ET. Federal Open Market Committee meeting continues;
    interest rate decision expected around 2:15 PM.

    10:00 AM ET. May New Home Sales (seen +0.5%, last +1%)


    The US stock indexes were sharply lower in overnight trading due to
    additional profit warnings and disappointment over economic
    conditions. The latest economic data renewed questions about just how
    strong the recovery in the U.S. economy has been, especially among
    businesses exposed to consumer spending, which has been carrying the
    brunt of the burden. The September NASDAQ 100 was sharply lower
    overnight as it posted another new contract low. The index extended last
    week's breakout below last September's low crossing at 1088.96. If the
    decline continues, weekly support crossing at 9259.50 is the next
    potential downside target later this summer. The September NASDAQ
    100 was down 46.00 points at 981 as of 6:41 AM ET. Overnight action
    sets the stage for a sharply lower opening by the NASDAQ composite
    index later this morning. The September S&P 500 index was also
    sharply lower overnight due to profit concerns and a general lack of
    confidence in corporate leadership. The overnight decline confirmed a
    breakout below last September's low crossing at 983.50 and the previous
    reaction low crossing at 980. If the decline continues, weekly support
    crossing at 939 is a likely target later this summer. Momentum
    indicators are bearish signaling that sideways to lower prices are
    possible into July. The Sept. S&P was down 23.00 points at 951.20 as of
    6:44 AM ET

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.