There is good news and bad news for stock index futures traders today. The bad news is that the futures indexes traded modestly lower. The good news is that the futures indexes traded modestly lower! The Dow managed to maintain support at the 11,000 level, despite repeated attempts by the bears to break through. We should recall that the same thing happened at the 12,000 level. Of course, that was before prices broke through that 12,000 level. Needless to say, the charts suggest that throughout most of the trading session, the stock indexes traded sideways. Tomorrow will be another day, and another opportunity!Monday, July 14, 2008
Stock Index Futures Close Modestly Lower
There is good news and bad news for stock index futures traders today. The bad news is that the futures indexes traded modestly lower. The good news is that the futures indexes traded modestly lower! The Dow managed to maintain support at the 11,000 level, despite repeated attempts by the bears to break through. We should recall that the same thing happened at the 12,000 level. Of course, that was before prices broke through that 12,000 level. Needless to say, the charts suggest that throughout most of the trading session, the stock indexes traded sideways. Tomorrow will be another day, and another opportunity!
