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View Full Version : Stock Futures Up Big Overnight

PaceAdvantage
05-09-2010, 10:19 PM
S&P Futures up almost 30 points in overnight trading Sunday...DOW futures up 222 at this moment...

http://www.marketwatch.com/story/us-futures-euro-jump-on-euro-zone-package-news-2010-05-09
miesque
05-09-2010, 10:27 PM
After last week I do not want to get any false hopes up before heading to the office early tomorrow morning.
PaceAdvantage
05-10-2010, 02:32 AM
My last quote of the night:

S&P +38.25
Dow +299
lamboguy
05-10-2010, 08:02 AM
SHORT SQEEZE. s+p gonna make a run for 1300 before the next implosion
Valuist
05-10-2010, 08:31 AM
2 major technical levels I look at:

50 day moving average- this chart is broken.
200 day moving average--this uptrend is NOT yet broken. Its coming very close to testing that level but looks like it will bounce off it. In the past few years, the 200 day moving average has been the best indicator. Stayed in an uptrend all the way from 2004 until December 2007 (when the recession started). The downtrend continued until around June of 2009. Since then, the uptrend has remained in tact, although its very close to retesting (before today).