DayTrading QQQ Swings (QQQ)

[blasher]

Before Market Opens (BMO) Trading Commentary . . .

Asian markets finished Mixed today: Japan=+1.23%, Hong Kong=+0.03%, and China=-0.38%.
European markets are Up so far today: France=+0.65%, Germany=+0.41%, and England=+1.02%.
U.S. stock futures are currently Up some. See U.S. Stock Index futures prices down the left-side of our Home page and clicking on the "quotes and charts" link for the latest prices. (click link below)
QQQQ/SPY are currently Trading at 48.20 / 112.95 . . .
Subscribers, see the Members Tab and use the Charts and Commentary I post each night and weekend for Support / Resistance / Target details. (click link below)
Overnight, the Range-Bounds have been Up: between approximately 1117 - 1126 for the S&P-500 futures .. use these Bounds as possible Targets for Trading today.
The US-Dollar is Down to 81.40 overnight. The Euro is Up to 1.3092. See forex prices down the left-side of our Home page. (click link below)
Gold is Up to 1282. Members, please refer to my Gold Chart and Commentary on how to Trade this precious metal. (click link below)
Gold broke through Resistance last week at $1260 and is still Holding it to signal a primary advance to $1360. Reversal below $1240 would warn of a correction to primary Support at $1160.
Copper is Sideways to 3.5275 now.

FRIDAY:
Stocks have drifted on this muddied picture, trading in a narrow range. Market players are looking at housing, unemployment, and the national budget deficit as clues to whether the recession is abating. Investors will keep a close eye on this week's reports about sales of homes and building permits. Adobe will report Q3 earnings on Tuesday. We expect more volatility this week.
c/o optionsmart

TODAY: . . . .

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



.