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U.S. Equity Markets Falter before Close

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 6, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. stock markets surged earlier in the day buoyed by greater demand for higher risk assets. The current stock market rally has recovered a little more than 50% of the recent correction. The late session weakness was most likely profit-taking ahead of the start of earnings season.

    The third quarter earnings season kicks off tomorrow when Alcoa reports. Investors will be a little tougher on companies during this round. In July, investors were happy to see earnings, this time they want higher earnings with increased revenues.

    Treasury futures fell on Tuesday because of the strength in the equities and increased demand for higher risk assets. Technically, this move was expected because of last Friday’s closing price reversal top. Look for this move to take the December Treasury Bonds down to about 120-16.

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

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