Market Outlook

Google misses earnings and the futures trade higher, I could just imagine where the futures would be if google did well and the stock was up $30

I would easily put the ndx futures up near 2325 if Google beat!

S&P FUT
1312.10 1.90 +0.14%
DOW FUT
12243.00 15.00 +0.12%
NAS FUT
2303.50 2.75 +0.12%
 
Quote from S2007S:

Google misses earnings and the futures trade higher, I could just imagine where the futures would be if google did well and the stock was up $30

I would easily put the ndx futures up near 2325 if Google beat!

S&P FUT
1312.10 1.90 +0.14%
DOW FUT
12243.00 15.00 +0.12%
NAS FUT
2303.50 2.75 +0.12%
More...

Nas Futures were down from 4pm-4:15pm. They are up since 4:15pm, but they are down since Google announcement.
 
Recurring USD strength / EURUSD and equity weakness returns as before...
Key global index daily charts are still bearish/sideways and the
overdue correction can't be too far away.
 
Best Buying opportunity before the run to new highs on the SPX....

After all the earnings reports due out this week the market will brush this negative news right off and push the SPX back to 1325+

No need to cry about this mini drop in the markets!!
 
SPX about to break 1300, next support is around 1275-1280 area and there after its the 1256 low of 2011, breaks that and we could see a very quick slide to 1200. But who knows, every time it looks like its on the verge of breaking down something out of no where just props it back up.
 
Quote from piezoe:

Well, the dollar is at 3-year weekly (and monthly) support so please let me know whether support will hold or not, because I haven't a clue. :D As with LuisHK, I don't see anything yet to suggest that the dollar will rally other than the market reaction which can be wrong of course. (contrary to popular opinion, the market is not always right!, it is only always right in the sense that what ever it does, you, as an individual, are powerless to change it. Sucks.)
More...

Ah Ha! So the market was headed in the right direction, we just had to get through that pesky options expiration first. Or was it that mail room boy from S&P that was headed in the right direction? :D My god! I've been in this racket long enough that I should have known better.
 
Key global index daily charts revert to bearish so we return to the choppy Wile E. Coyote correction.

Those vocal 'experts' prone to emotive ad hominem attacks now seem to have gone rather quiet.
Why is that ?
 
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