The Stock Market and Dow Jones Futures are pointing lower for 11/28/08, as light volume will take hold of the trading session today. The stock market closes at 1pm as traders get set for more economic data to come out next week. Usually days like today are volatile but we'll have to see how we end the day. Check out my Dow Jones Chart, I am looking at buying support between 8500-8600 with a tight stop.
Dow Jones Futures - Down 79
Nasdaq Futures - Down 14
S&P 500 Futures - Down 9
Two of the biggest losers today will be Chesapeake Energy ( CHK ) and Mital Steel ( MT ). CHK is selling stock again...not very good, I sold my position in afterhours Wednesday when the news came out.
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