Pre-opening Comments for Wednesday May 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT. Investors responded to news that the U.S. and China have started trade negotiations. Focus today is the FOMC’s decision on the Fed Fund Rate released at 2:00 PM EDT. Consensus […]

Pre-opening Comments for Tuesday May 6th 2025 U.S. equity index futures were lower this morning. S&P 500 futures were down 51 points at 8:35 AM EDT. S&P 500 futures dropped an additional 4 points following release of the U.S. March Trade Report at 8:30 AM EDT. Consensus was a $137.6 billion deficit. Actual was a […]

Pre-opening Comments for Monday May 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 45 points at 8:30 AM EDT. Crude oil dropped $0.74 to $57.55 per barrel after OPEC announced plans to increase production. Netflix dropped $52.69 to $1,103.80 after President Trump announced plans to place a tariff on […]

Technical Notes Dow Jones Industrial Average moved above 40,791.18 and Dow Jones Industrial Average SPDRs ($DIA) moved above $407.82 completing double bottom patterns. Microsoft $MSFT a Dow Jones Industrial Average stock moved above $393.23 and $396.36 completing a Reverse Head & Shoulders pattern. Meta Platforms $META an S&P 100 stock moved above $587.89 completing a […]

Pre-opening Comments for Thursday May 1st U.S. equity index futures were higher this morning. S&P 500 futures were up 57 points at 8:30 AM EDT. Dow Jones Industrial Average ($INDU) is expected to open above intermediate resistance at 40,791.18 completing a double bottom pattern following release of better than consensus quarterly results after the close […]