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U.S. Stocks Close Higher on Light Volume

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 12, 2009.

  1. futuretrends24

    futuretrends24 New Member

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

    U.S. financial futures markets traded in tight, narrow ranges today with very little movement following the opening. Today’s U.S. bank holiday and the lack of fresh economic news kept many big players on the sidelines.

    Activity should pick up tomorrow when normal trading resumes and traders face a multitude of economic reports. Early in the trading session the latest U.S. Retail Sales Report will be released. A few hours later, traders will have a chance to react to Business Inventories. Finally, the FOMC will release the minutes from its latest meeting during the afternoon.

    Equity markets rose today in the pre-market and stayed inside a range throughout the day. Traders continue to remain bullish about equity prices and optimistic about earnings reports. Much for the recent rally has come on the heels of strength in Europe and Asia. Traders should be careful about buying strength as the Dow and S&P approach milestone prices such as 10,000 and 1,000 respectively.

    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.

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