Sunday, April 8, 2012

Charts into a New Week

 For those who may not know, the futures were open on Good Friday. Traders weren't enthused with employment data and there was a fairly significant pullback. Unfortunately, this could have an impact on those indices and stocks come Monday morning that are only open for trading during regular hours. We won't know until we know ... the futures open for trading in 2 and a half hours and we should get a better idea then. The Dow Jones Industrials were already showing weakness at Thursday's close via a breakdown from a bearish wedge, so Friday's action on the futures market may signal further weakness. The overnight traders have some work ahead of them if they are to avoid any panic sell-off when the regular markets open Monday morning.  


 Left click on chart(s) to expand













































Always perform your own due diligence. These are only my opinions.