Tuesday, October 19, 2010

ES Futures Pre-Open Review 10/19/10

IBM is one of those stocks that has a big effect on the S&P 500 index. I sometimes use it to confirm a move in the futures. Today both Apple and IBM has dissapointed the pre-open market. Also, Housing Starts are flat for the year. So the market once again is testing its 10-day moving average. A close below that average would be a negative.

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