Tuesday’s Futures Setups

Another positive day in the market has brought
the broader index futures to key technical levels. Both the S&P 500
futures and Nasdaq 100 futures have hit their 50-day moving averages. A break
above these key levels could signal further movement to the upside. However the
lack of volume in the markets due to vacationing traders leaves some skeptical.

Many traders leave town in the month of August, causing it to be one of the
worst trading months of the year. They all come back after the Labor Day
holiday, in just two weeks. So the question remains: Can this market stay steady
and continue to rise without the big-volume players? Stay tuned…

The Sept S&P futures for Sept.
(
SPU2 |
Quote |
Chart |
News |
PowerRating)
rallied to close near their best levels of the day above its 50-day moving
average SPU2 closed at 949 up 20.50 or 2.21%

The Nasdaq 100 for Sept.
(
NDU2 |
Quote |
Chart |
News |
PowerRating) rose
25.50 or 2.56% to 1020.50.