Wednesday, October 3, 2012

Will the US stock markets see some selling again ?


Pre Market overview 3-10-2012

Good morning traders, markets are slightly higher on the morning session from the adp numbers. Now the only thing what is going through my mind  will the market sells off like the previous 2 days ? The uup will open slightly higher on the day if the dollar can rally higher this will put some pressure on the markets! Let’s go over some levels here before the markets opens

$SPY:
Resistance:
145.14$
145.65$
Support:
143.50
142.96


$Jpm will open slightly lower on the day watch this stock like a hawk it’s one of the market leaders together with $XOM and $AAPL.
Resistance:
41.25$
41.55$
Support
40.48$
40.17$
39.70$

$AAPl will open on the flat line I will think after the big bounce yesterday on apple we can see a flat day on the stock
Resistance:
668.18 200 ma + pivot
675-677 area
682.00 double top 

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