(7:34 ET): The overnight range is still being established on the downside, but right now we have a range of 1085-1095. The market did not like the GE and BAC numbers and sold off about 5-6 points after their release. In terms of earnings, it looks like GOOG is the one shining star out of [...]
The main index I am following is still the Nasdaq and specifically the QQQQs. Technically, everything looks great and the QQQQs are holding support over the October gap.
RSI is going sideways at about 70 meaning there could still be room to run on existing positions but I wouldn’t want to add to my long QQQQ [...]