Monday, April 14, 2008

Tuesday's market..What to watch for...

As I write this (after midnight eastern time) the futures are up slightly, consistent with yesterday being a mild bottom. The hourly markers to watch are around noon and 3:00 eastern time tomarrow as intraday there are two SPX time lines at 3:00 P.M. and a $NDX and $NYA time line at noon, and one time line at 10:45 A.M. for the $NDX. The $NDX tends to lead the other indexes sometimes, so that should be watched...This again is daytrader information, no really big moves or big changes in trend are expected here. After a modest bounce, which may not last more than a day or two, the downtrend should resume...

Mark L.

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