Monday, November 9, 2009

Premarket Information Can Set the Tone - Bears Attention!

When the Bull is Out of the Pen, He is Difficult to Subdue!
11.9.09 - Pre Market Futures can help define the tone for the day. The above information was available at 6 AM well before the market opened. Very often it is neutral and balanced but the above chart shows an overwhelming upward move in the futures. From this information it is easy to anticipate a bullish day in the market, especially with the open.
11.9.09 - The /DX (US Dollar) fell like a rock in the Pre Market and Signaled a Bull move in the market. In recent months the market has moved contrary to the value of the Dollar.