It’s all about jobs today: Market Pulse
S&P Futures are curling back up toward all-time highs this morning ahead of this morning’s job numbers, which will be released prior to this mornings open. I wouldn’t be surprised if we saw new all-time highs after this morning’s open. I am eyeing current support at 2639 with secondary support down in the 2620 area.
Gold Futures have continued to dip in overnight trading dropping slightly through yesterday’s low of day. I am continuing to eye any bounces for possible short interest. There is current overhead resistance up in the 1265 area which may provide for a good intraday move to the downside on a retest of that area.
Crude Oil Futures are bouncing just shy of 55.43 support and is currently trading within an area of overhead resistance between 57.46 and 57.94. Daytraders will be looking for some sort of topping action on the intra-day charts to justify short interest.
This week he hit GLBS for just over 19% in chat on an overnight hold. Move’s like this are happening all of the time, are you getting ahead of them? Join us in chat to see what’s moving. Not a member? Start your trial today!
Stocks on Watch
SWN took a hard dive in the last few days of trading and appears to be bouncing slightly off of yesterday’s lows which happens to converge with minor support. Price is up about 2.4% in pre-market trading at 5.67 and appears to have upside back up into the 6.20 to 6.30 area. I want to see price hold yesterday’s low of day as confirmation of this move.