Wednesday, January 30, 2008

Pre-Opening Comment 1/30/2008

The S&P 500 futures are indicated to open down 5.00 points with premium factored in.

The NASDAQ futures are indicated to open down 9.90 points with premium factored in.

The S&P is slated to open just under the value area on the cash index at 1357.40.
This indicates a very short term move to 1353 - 1353.50 before we find some type of support.

We will address the condition of the market from that point, if and when it gets there.

Today is very apt to be yet another slow day, especially after 10:45am EST.

I will post the opening range and the first hours range as soon as they become available.

Lets make some money today and remember to USE YOUR STOP LOSS ORDERS!!

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