Wednesday, August 20, 2008

Pre-Market Analysis (ER2) 8/20

(Click on charts to enlarge)

Dow Daily

S&P Daily and COMPQ Daily

Performance of Major Indices

Possible market-moving factors (for Aug 19)

  1. Inflation concern
  2. Housing
  3. Financials
  4. Oil
  5. Tightening of lending requirement hurting consumers and businesses
  6. Low trading volume amplifying price moves

Factors that will potentially move the market today:

  1. Financials
  2. Oil
  3. Economic data report

Economic Data to be released today

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Russell 2000 (E-Mini)

ER2 today

Price has been on a downtrend for 2 consecutive days since it reached its high on Aug 15. Open interest and volume have picked up a fair bit yesterday, after dropping for 3 days in a row. This tells me that there are now more short selling, and it’s possible for ER2 to continue to go down today.

ER2 Daily

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