Pre-Market Stock Index Technical Analysis Update S&P 500 Nasdaq 100 & Nasdaq Comp
Date: 5/7/2012
Pre-Market Stock Index Technical Analysis Update S&P 500 Nasdaq 100 & Nasdaq Composite Trends. In this live pre-market trading education video we'll cover the increased market volatility and current daily support levels on the S&P 500 and Nasdaq.
Even though American stocks have doubled in price in the last three years, investors and traders large and small keep giving the market the cold shoulder. Oil drops to below $98 on US demand, Europe votes. United Nations Cites Risk of Social Unrest From High Food Prices.
On Friday, the Dow Jones was down 161 points and the Nasdaq Composite was down 60.38 points, the S&P 500 index fell 20.71 points. Leadership stocks like CF, AAPL, GOOG, PCLN, CMG, AZO, RL, FOSL, CME have all sold off the highs. We'll be updating the weekly expiration sell down and the broad based distribution throughout the week. Watching the critical 200 day moving average on the "S&P 500" will be where most traders will be looking for support.
We told investors and traders that volatility would increase and we would see a pullback going into April. Learn how to trade options and be wholesale to the market. We'll cover how to get the best price on options and reducing the risk of entry when trading options.
"Learn how to trade options" using the SMF Trading Platform with "automated alerts" which harness mathematical price action trading formulas we've invented and implemented into our "state-of-the-art trading software". SMF provides daily stock & option trading research, trading tutorials, stock scans and educational videos. Stop back daily for the newest stock research, stock & options videos, technical analysis and market commentary.
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