11/22/10 S&P Emini Futures Market Analysis & Recommendations
U.S. Stock Futures Called Lower on Heels of Apple, IBM News
U.S. Stock Futures Point toward Sharply Higher Opening
U.S. equity markets are called sharply higher this morning following a strong surge to the upside, triggered by better-than-expected European industrial orders. All of this action reversed the huge sell-off from Thursday which was ignited by comments from Fed Chairman Bernanke, who described the economic outlook as “unusually uncertain”.
Stock Futures Post Daily Reversal Tops; Correction May be Looming
U.S. stock futures markets posted daily closing price reversal tops on Thursday, sending a signal that a correction may be looming. It is going to take a break through Thursday’s lows however to confirm the formation which would then trigger the possibility of a 2 to 3 day break or 50% correction of the last rally.
Investor Optimism Soars Driving Stock Futures Higher
News that Intel posted its best quarter ever is helping to drive U.S. stock markets higher in after-market trading. Fundamental and technical factors drove U.S. stock index futures higher throughout the day. Expectations are for Asian and European traders to act on the Intel news, leading to the strong possibility of a higher opening tomorrow morning.