Sunday, 24 February 2013

Look ahead on Monday

Its late on Sunday and another trading week is on the horizon.  Last week saw a relatively indecisive market as the market gyrated between big losses and jumps on Wed-Friday.  The market is definitely now off its highs but have yet to decisively break up or down.  So next week will be interesting.  I personally took a few of my higher risk positions off the table just as a risk measure but hedged with options.

VIX also looks like its starting to big a bump but its been trading at relatively historic lows for a while now.

So far futures look like a moderately light down open for Monday:

Index FutureFuture DateLastNet ChangeOpenHighLowTime
DJIA INDEXMar1313,968.00-16.0013,981.0013,988.0013,957.0023:40:02
S&P 500Mar131,513.40-1.201,515.501,516.001,511.7023:40:02
NASDAQ 100Mar132,733.00-2.752,736.752,737.752,732.5023:40:02

Still think we're in for a bumpy ride.

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