The Best Way To Navigate Today

While today’s
opening indication for the futures
is encouraging from the standpoint
that perhaps the current range may be broken, bear in mind that many of the
factors which have contributed to the range (geo-political, earnings etc) have
not been dismissed.  The point being, look for some sort of an opening reversal,
and until it becomes clear that some sort of trend can be established, remain
nimble and flexible on entering and exiting positions. Currently there are no
big kills, taking what is offered is still the best way to navigate.


Support/Resistance Numbers for S&P and Nasdaq Futures

S&Ps Nasdaq
929 1095.25
921 1089.5
915-916* 1081
911 1074*
909 1070
903 1061.75*
898 1053.5
1048.5

* indicates a level that is more
significant.

Given that the above numbers were done
last night and were not able to factor in the lower opening, let me add a couple
more numbers to the matrix:

S&P’s:

894

882*

Nasdaq:

1039-41

1025*

As always, feel free to send me your
comments and questions.


Dave