It really doesn't matter what the overnight futures are now,
unless it is a significant move. Sorry but 2-3 points we have seen
get reversed easily by 9:30.
And we probably don't need to wait to see a close over 1096. The
market is so close to that breakpoint, we could see it just blow
through and not look back....don't need the close to tell me to be
sitting on sidelines. Then again, after yesterday's preformance who
the heck knows.
Posted by marketguy on 22nd of Oct 2009 at 09:22 pm
you're right...futures will be meaningless tonight for the most
part as it'll be all about Mr. Softie (MSFT) with their earnings
report pre-mkt tomorrow...hard to imagine they'll lay an egg given
everyone else's success with the dumbed down estimates but you
never know...
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Futures overnight reverse all the time
What a fake out by the $VIX!
Posted by perthx on 22nd of Oct 2009 at 08:59 pm
It really doesn't matter what the overnight futures are now, unless it is a significant move. Sorry but 2-3 points we have seen get reversed easily by 9:30.
And we probably don't need to wait to see a close over 1096. The market is so close to that breakpoint, we could see it just blow through and not look back....don't need the close to tell me to be sitting on sidelines. Then again, after yesterday's preformance who the heck knows.
all i know for sure is watch the dollar!!d
you're right...futures will be meaningless
Posted by marketguy on 22nd of Oct 2009 at 09:22 pm
you're right...futures will be meaningless tonight for the most part as it'll be all about Mr. Softie (MSFT) with their earnings report pre-mkt tomorrow...hard to imagine they'll lay an egg given everyone else's success with the dumbed down estimates but you never know...