Stock Market 10/28/08 - Dow Jones Futures - October 28th, 2008

10/28/08 Pre Market Trading Report:

Today, October 24th, 2008, the stock market is set to open a lot higher then yesterday. The Dow Jones Futures and all stock market futures are up due to what the asian markets did below. The Dow Jones futures in pre market are Up 140 points, Nasdaq futures Up 30 points, and the S&P 500 futures are Up 20 points.

The stock market is headed for a great open today but the question is, how long will it last? We really tanked in the last five minutes yesterday, 10/27/08, and the futures aren't reflecting what the Nikkei and the Hang Send did last night just yet. Keep an eye on the QQQQ, if we break out through $30.25 I think these markets will soar! It will be the first time the QQQQ puts in a new high for the past week. The QQQQ is basically buying the Nasdaq 100 in a stock.

Asian Markets - European Markets 10/28/08

Hong Kong's Hang Seng index rose 14.4 percent last night, its biggest gain in 11 years -- to 12,596.29, a day after plunging more than 12 percent. South Korea's Kospi jumped 5.6 percent to 999.16.

Japan's Nikkei 225 index spiked 459.02 points, or 6.4 percent, to 7,621.92 after it failed early below 7,000 at one point. Most European market were about around 4% each.

Events Today: Today we have an FOMC meeting at 2:15pm Est. The Federal Reserve decides whether or not to cut interest rates.

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