Thursday, February 12, 2009

PreMarket Review 02/12/09

Here we sit at a support level. Retail Sales at 0830 ET will probably be a bad number. The market is also waiting for the final version of the stimulus plan and the President's signature on the plan. The market is also disappointed on the lack of leadership with Geithner on the bank bailout plan. I suspect the market is also disappointed in the congressional politicians doing what they do best - point blame at others rather than objectively solve the country's financial problems.
24 Hr Globex Pivot: 829
Day Session Pivot: 829.25
10-Day Avg Distance From 0930 ET Open: 19.5
10-Day Standard Deviation of that Distance: 9.69

No comments:

Post a Comment