Thursday, July 16, 2009

PreMarket Review 07/16/09

Jobless Claims at 0830 ET
Philly Fed at 1000 ET
Natural Gas at 1030 ET
Housing Market Index at 1300 ET



The S&P 500 yearly and July open prices are support.



Cash Market closed above the magical 930 price, and above the 7/01/09 high.



Today should be a narrow range day. Overnight the futures market stayed above the 920 level, which is a support level created during yesterday's morning session. 930.75 is resistance.

Charles

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