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Friday 17 January 2014

Stock Market Analysis & Trading Signals to watch

S&P Future broke & stayed above 1840 at 5am EST but dropped back below 1840 at 8am EST before economic news
It dropped further after 8:30am EST's economic news which are slightly above/below expectations
S&P Futures tried to break above 1840 again but reached 1839 & dropped sharply

Morgan Stanley's earnings dropped sharply due to legal bills
American Express' profit doubled
General Electric's earnings met expectations although not better than expected
Intel's earnings slightly missed expectations

Most economic news & earnings are mixed again, but S&P Futures showed that it was able to break above 1840 earlier
Look to sell S&P Futures @ 1840 if it stays below & drops further, for 30 minutes expiration
Risk: S&P Futures can break above 1840 later

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