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FUTURES down after hours--why?

Started by dTraderB , May 18 2010 04:36 PM

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9 replies to this topic

#1 dTraderB

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Posted 18 May 2010 - 04:36 PM

Just looked at BLOOMBERG TV -- ESM down more than 6, DOW about 55, and Nasdaq 9... any reasons for this? HP beat estimates but is still down after initial post-earnings spike...

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#2 stocktrender

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Posted 18 May 2010 - 04:41 PM

Just looked at BLOOMBERG TV -- ESM down more than 6, DOW about 55, and Nasdaq 9...

any reasons for this?

HP beat estimates but is still down after initial post-earnings spike...

Cause I covered most of my shorts today. do you need another reason.

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#3 TechMan

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Posted 18 May 2010 - 04:56 PM

Euro suddenly plunged below 1.216. Remember recent pattern? Futures down = Regular Sessions up. Futures up = Regular Session down. Relax...

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#4 stocktrender

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Posted 18 May 2010 - 05:04 PM

Euro suddenly plunged below 1.216.

Remember recent pattern? Futures down = Regular Sessions up. Futures up = Regular Session down. Relax...

Right, Market will probably crash tomorrow. At least I kept my skf . I am not selling that until s&p hits 900 minimum.

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#5 dTraderB

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Posted 18 May 2010 - 05:04 PM

Yeah, after hours is no indication of what happens the next day. Last night was down, opening was up, then a choppy day, with a rally in last half hour. I am looking for one more spike down - maybe tomorrow or Thursday, then UP.

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#6 capgain55

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Posted 18 May 2010 - 05:11 PM

Just looked at BLOOMBERG TV -- ESM down more than 6, DOW about 55, and Nasdaq 9...

any reasons for this?

HP beat estimates but is still down after initial post-earnings spike...

S&P futures 1111 and now below the flash crash TL on the daily and 60. This market isn't going anywhere but down for a while, With the exception of a small bounce here and there.

Trend is still down.

JMO

cap.

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#7 rkd80

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Posted 18 May 2010 - 05:14 PM

I think there may be an anticipation that Germany might announce something strange.

“be right and sit tight”

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#8 qqqqtrdr

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Posted 18 May 2010 - 06:33 PM

This week the Market has been trading with the Euro...... I believe the Currency trades are being focused on.... Once the Euro bottoms, and it looks like it is currently at a strong support point using FIB, we should rally... Other than the currency trade Technology should be doing well overall.... Technology is cheap enough now and people still want it.... OEX put/call under 1 for 2 days straight.... This is bullilsh medium term.... I hope Asia is up tonight.... We shall see... We have been tracking Asia to a lesser degree... If Asia starts to recover we will too.... Barry