Dow Jones Futures - 11/05/08 - Stock Market Report

Pre Market Stock Trading Report: 11/05/08

Today, November 5th, 2008, the Stock Market and Dow Jones Futures are pointing lower this morning, the day after the United States has voted in Barack Obama as the next President of the United States of America. The Dow Jones Industrial Average ( DJIA ) Futures are down 68 points, S&P 500 Futures are down 13 points, and the Nasdaq is down 13 points today. It will be interesting to see what happens today as we have had a huge run in the stock markets over the past week. Will the Dow Jones continue to go up? Here was my technical chart over the weekend. We are very close to breaking 9794, but will we have enough left to break through that level?


Asian Markets - European Markets 11/05/08

European Stock Markets opened lower following the news that Barack Obama was going to be our next President. The FTSE 100 index of leading British shares was down 122.43 points, or 2.6 percent, at 4,517.07, while Germany's DAX was 110.15 points, or 2.1 percent, lower at 5,167.89. The CAC-40 in France was 101.10 points, or 2.7 percent, lower at 3,589.99.

Japan's Nikkei 225 stock average rose 4.5 percent to 9,521.24, and Hong Kong's Hang Seng Index went up 3.2 percent to 14,840.16. This was mainly due to the strong Yen currency.

Stocks to Watch today: November 5th, 2008

MasterCard ( MA ) & Visa ( V ) - I continue to watch these two stocks after Jim Cramer mentioned them yesterday calling for MasterCard to hit $180 in the next 48 hours.

Ambac ( ABK ) is falling this morning because after reporting an earnings loss of $8.45 per share.

CIT Group ( CIT ) - As I mentioned yesterday in the low $5's, watch this stock closely. It broke out to the upside right before the close and actually was trading at $6.80 in after hours last night. The stock has great volume and news so keep it on your watch lists.

Las Vegas Sands ( LVS ) & Hartford Financial ( HIG ) - Watch these two stocks, I only like them if they break through the highs of the day after 9:45am Est.

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