Edited by redfoliage2, 07 February 2007 - 08:21 AM.
Why Index Moves Before (or without) Stocks?
Started by
redfoliage2
, Feb 07 2007 08:14 AM
3 replies to this topic
#1
redfoliage2
-
- Traders-Talk User
- 18,028 posts
Member
Posted 07 February 2007 - 08:14 AM
NDX is up 9 points before market open. In the pre-hours tech stocks I'm watching are up a little bit but not proportional to the NDX move. Anyone can explain how this game is played?
#2
HoseB
-
- Traders-Talk User
- 1,061 posts
Member
Posted 07 February 2007 - 08:56 AM
NDX is up 9 points before market open. In the pre-hours tech stocks I'm watching are up a little bit but not proportional to the NDX move. Anyone can explain how this game is played?
Generally, news or overseas markets being up since last night's close has made futures players overly optimistic... this would be exacerbated if futures closed at a discount to fair value yesterday and are now trading at a premium to fair value.
40,000 headmen couldn't make me change my mind....
#3
IndexTrader
-
- TT Patron+
- 7,694 posts
Member
Posted 07 February 2007 - 09:44 AM
The following 10 stocks comprise nearly 40% of the index. When one of them has a large move, it influences the index somewhat more. This AM CSCO was up about $1.50 or so.
Microsoft Corporation 6.82%
Apple Computer, Inc. 6.66%
QUALCOMM Incorporated 4.90%
Google Inc. 4.45%
Cisco Systems, Inc. 3.77%
Comcast Corp. 2.77%
Intel Corporation 2.76%
Amgen Inc. 2.50%
Oracle Corp. 2.43%
Starbucks Corp. 2.40%
Total: 39.44%
IndexTrader
#4
bobalou
-
- Traders-Talk User
- 1,878 posts
Member
Posted 07 February 2007 - 07:50 PM
they DO, have black boxes, and pc's that can tell you every thing... NO joke..the #s they put out are just about on the money,,,,cents are every thing to them,when you x them by 1000000000000000000's of billons
