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/ES and /NQ Short Term Forecast – Bullish
February 1st, 2010
The /ES and /NQ stock futures are on the rise early this morning after ending January last week with a month’s loss. There is a lot of economic news and earnings to get through today – namely the ISM, personal spending and income and Exxon earnings to name a few. All in all we still think a move back near 1,030 over the next two weeks is highly probable.
The Dollar Index, which tracks the U.S. currency against those of six major trading partners, ended a four-day advance, dropping 0.1 percent this morning as treasuries fell for the first time in three days. A weak dollar could help drive and inflate equity prices short term here.
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Today's Live Market Quotes & Charts
09-02 16:02
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Today's Live Market Quotes & Charts
| DJIA | 10320.10 | ||||
| NASDAQ | 2200.01 | ||||
| S&P 500 | 1090.10 | ||||
| ^TNX | 2.63 | ||||
| ^XAU | 186.41 | ||||
| ^XOI | 976.22 | ||||
| GLD | 122.29 | ||||
| FXP | 36.15 | ||||
| RWM | 40.81 | ||||
| URE | 44.65 | ||||
| BGU | 45.87 | ||||
| DOG | 50.49 | ||||
| CMD | 15.01 | ||||
| FAZ | 14.50 | ||||
| ERY | 50.18 | ||||
| IWB | 60.42 |
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