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Morning Call: Mixed Bias, Careful long near 1399 early…. Consumer Confidence at 10:00

April 29, 2008 9:33 AM

The charts are mixed this morning. Opening here could be trouble unless we hold here and move up. Careful long near 1399 early…

Written by Tom@StockBlade.com · Filed Under SP Futures 

Comments

9 Responses to “Morning Call: Mixed Bias, Careful long near 1399 early…. Consumer Confidence at 10:00”

  1. Tom@StockBlade.com on April 29th, 2008 9:55 am

    Ok, it made a high of 1398.25….looks a little early to chase down here, plus the range is likely tight pre-fed.

  2. Tom@StockBlade.com on April 29th, 2008 10:13 am

    We have not seen the low yet, IMO…

  3. Tom@StockBlade.com on April 29th, 2008 10:16 am

    Ok, was right, it went lower…I still believe that we have not yet seen the low…

  4. Tom@StockBlade.com on April 29th, 2008 10:18 am

    Ok, new low of 1391.00…it could reverse in here somewhere, but a reversal attempt near 1388 or so would seem to make more sense…

  5. Tom@StockBlade.com on April 29th, 2008 10:30 am

    Ok, here we are1388…careful short in here…for now..

  6. Tom@StockBlade.com on April 29th, 2008 10:36 am

    It’s trying…low was 1388.25….I expect a reversal attempt here…as i said….we will see…

  7. Tom@StockBlade.com on April 29th, 2008 10:50 am

    Hmmm…the low didnt hold….it looks like 1384.25 has to hold here…

  8. Tom@StockBlade.com on April 29th, 2008 11:00 am

    I am not a fan of this low on any level….we will see…

  9. Tom@StockBlade.com on April 29th, 2008 11:06 am

    This appears to be more about the Dow, bounced near 12800….still not a fan of this low…..it needs to revisit it I believe…

    Anyhow, I am done watching the futures for today…good luck…

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