Today, 12/02/08, the Dow Jones and Stock Market Futures are called higher as it looks like we will be getting a bounce after yesterdays plunge. The Nikkei tanked overnight but that's to be expected after our steep drop. It appears the Dow Jones will be testing its 10 day moving average at the open, something I will be watching closely. We stalled here briefly yesterday as buyers tried to pick a bottom but the selling was just to much. I would get bullish again if we closed back over this level but I have a feeling sometime this week we will test Dow 8000.
Pre Market December 1, 2008
Dow Jones Futures- Up 143
Nasdsaq Futures - Up 25
S&P 500 Futures - Up 17.50
Nikkei Close - 7863 Down 533
Oil Futures - $48.83
Today's Biggest Gainers - 12/2/08
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