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Monday, 05/03/2010 7:27:50 AM

Monday, May 03, 2010 7:27:50 AM

Post# of 1451
Morning Before Market Opens (BMO) QQQQ & SPY Commentary . . .

0715.ET
Japan Closed Up over 1% and Hong Kong Closed Down over 1% while China Closed near unchanged.
European markets are lower today as French and German shares fall. The French CAC 40 is off -0.59% while the German DAX is down -0.18%. The FTSE 100 in London is not trading.
U.S. stocks are set for a higher open today as investors mull a major deal in the airline sector and await a batch of economic reports. The Dow Jones industrial average, S&P 500 futures, and Nasdaq 100 futures are mildly higher.

QQQQ/SPY are currently Trading at 49.45 / 119.43
QQQQ Resistance is at 50.0x, then at 50.77
QQQQ Support is at 49.2x, then 48.9x, then 48.65, then 47.40, then 47.26, then 47.0x
SPX Resistance is 1190, then in the 1207-1210 area, then at 1213
SPX Support is at 1180, then 1161, then 1150, then 1141, then 1139.50

US-Dollar is . . .

... read much more, including today's outlook, at http://www.StocksDoc.com/BMO.php .


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it's how you see.


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