Tech Futures Excite
The Naz 100s
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PowerRating) continues to be the most
exciting market in futures. Following up on Thursday’s record day, the NDZ is
rallying again, getting a boost Friday from blow out earnings from Spectra Diode
Laboratories
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PowerRating), one of the best performing stocks on the Nasdaq 100
cash index
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PowerRating) and a stock that, once it merges with JDS Uniphase
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PowerRating),
will have one of the heaviest weightings of any stock on the cash index.
SDLI handed in earnings that were essentially quadruple those
from one year ago. The stock has rallied as many as 45 and is providing the
positive sentiment for the NDZ, up 65 at 3512. Microsoft is following up its 10-point, 20% gain by adding another 3 5/16 to 56 1/4.
December T-bonds
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USZ0 |
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PowerRating), from the Momentum-5
List, are rallying and made good on an Off The Blocks
entry.
Although violence in the Middle East captured the Euro FX
attention of energy traders early in the session, gapping the contact higher,
there has been no follow through as November crude oil
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CLX0 |
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PowerRating)
has been unable to break above the opening bar’s high tick and is forming an
intraday rounded top formation. Look for a test of the downside in this
contract.
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PowerRating) futures tumbled to test all-time contact lows, making
good on their Implosion-5 List
reading. But the futures appears to have laid in a successful test of the Oct.
18 low, meaning a rebound of this level may see some follow through. Also
in the currencies, Swiss francs
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PowerRating) from the Implosion-5 List
sank to near-contract lows, while Momentum-5
List member dollar index futures
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PowerRating) are also rallying to test new
contact highs.