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Friday, November 14, 2008

Stock Market Futures 11/14/08 - Dow Jones Futures

11/14/08 Pre Market Trading Report:

Today, November 14th, 2008, after an amazing reversal yesterday, the stock market futures are pointing toward a lower open. The Dow Jones Futures are down 93, Nasdaq Futures Down 13, and the S&P 500 Futures are lower by 9. This weekend there is the G20 meeting and I think Wall Street is looking for something to come out of this meeting. Bob Doll was just on cnbc saying he believes we are in a bottoming process and he thinks yesterdays retest was successful and it happened with some decent volume.

Asian Markets - European Markets 11/14/08

The FTSE 100 index was up 146.04 points, or 3.5 percent, at 4,315.25, Germany's DAX rallied 163.52 points, or 3.5 percent, to 4,813.04, and the CAC-40 in France was 85.85 points, or 2.6 percent, higher at 3,355.30. In Asia, the Nikkei 225 index went up 223.75 to 8462 and the Hang Seng rose 321.31, or 2.4 percent, to 13,542.66.

Biggest Gainers 11/14/08

Stocks to Watch today: I will be watching the markets to see if we can build on these gains and not get a big correction. The QQQQ went back to resistance of $30.25 and closed over this level and while this is bullish, I will now look for a close over $30.70 which was Tuesday's high.

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