1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Tech Weighted NASDAQ Bucks Trend to Finish Higher

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 20, 2009.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
    Likes Received:
    Today’s sample of Futures Analysis from FuturesHound.com

    The tech weighted December E-mini NASDAQ market bucked the overall bearish tone of the day to post a moderate gain. The NASDAQ was driven higher by extremely bullish earnings from Apple, Inc. The heavily weighted Apple, Inc. stock helped drive up the NASDAQ Index while the December E-mini S&P and December E-mini Dow rallied off their lows but still finished lower.

    Traders drove all indices lower from the start this morning following the release of weaker than expected reports regarding housing and producer prices. Both reports indicated the U.S. economy is still weakening. The PPI report drummed up thoughts of a potential deflationary scenario.

    U.S. Treasury futures rallied sharply higher after the release of a pair of bearish U.S. economic reports. Today’s housing and PPI reports suggested the economy was still weak and that the Fed would continue to keep pressure on interest rates. Falling equity prices helped drive investors into the lower yielding December Treasury Bonds and Treasury Notes.

    Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

    Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

Share This Page