Dow Jones Futures 12/17/08 - Stock Market

The Dow Jones and Stock Market Futures are giving some of their gains today, 12/17/08, as futures are pointing lower in pre market trading. You are seeing profit taking across the board as well as a little nervousness about the auto bailout again as they still have not reached an agreement. As I stated in my technical analysis, we had a major breakout yesterday and I plan on buying any major pullback until the trend changes on me. The Dow Jones really needs to break out over 9000 for us to advance this move further. The Volatility Index has fallen significantly this week and that tells me people are comfortable owning stocks in the mid 8000 level. Another thing to watch today is Apple ( AAPL ). Apple came out with news last night about Mac World. They will be discontinuing this event after 2009. This announcement is creating some fear that Steve Jobs is having some health problems.

Stock Market Futures December 17, 2008

Dow Jones Futures - Down 110
Nasdaq Futures - Down 17
S&P 500 Futures - Down 12

Today's Biggest Gainers

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free