S&P futures traded below Monday’s close during the overnight Globex session. The pull-back found support at 1177.

Tuesday session opened at 1178, modestly above the overnight low. The majority of the S&P sectors where exhibited the signs of profiting, i.e. down fractionally at the open.

However, buying interest in the financial and energy sector helped [...]

Friday, while the equity markets were closed, S&P June futures traded above the newly made 52 week high at 1177, auctioning up to 1180 in the Globex session

The S&P June futures pull-back from their pre-market high, trading down to 1174 at the open. The pull-back meet with broad bases buying interest that witnessed the major [...]

The broad benchmark S&P 500 posted a new 52 Week high at 1181 and closed the shortened holiday week at a new higher close 1178.

Eight of the ten sectors gained, led by energy (+3.8%), materials (+2.4%) and utilities (+2.0%). Consumer discretionary and technology ended the week unchanged.

The blue chip Dow 30 also closed the week [...]

The pre-market announcement of 439,000 initial jobless claims for the week ended March 27th; in-line with the consensus forecast, had no initial impact on the sentiment of the market participants who showed continued willing to bid the broad benchmark S&P 500 index back up to its previous 52 week high.

The S&P June Futures “gapped’ above [...]

March 30, 2010

Despite the latest ADP Employment Report which indicated another 23,000 private payrolls were cut in March, window dressing by lame ass Fund Managers, keep the S&P FLAT in a narrow 2 point range above and below 1169 for the better part of today’s session. In my opinion, a monkey could investor money as [...]