how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

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KEY EVENTS TO WATCH FOR:7:45 AM ET. ICS-UBS store Sales Index (previous -1.9%)8:55 AM ET. Redbook Retail Sales Index (previous +0.1%)10:00 AM ET. Challenger Layoff Survey (previous -34%)4:30 AM ET. ABC/Money Magazine Consumer Confidence Index (previous -17)Key Events and Commentary available earlier every morning, via MarketClub (

The STOCK INDEXES & MARKETSThe June NASDAQ 100 was lower in overnight trading due to light profit taking as it consolidates some of Monday's rally, which extended last Friday's breakout above this year's broken downtrend line. If June extends its rebound off March's low, a test of the 75% retracement level of this year's decline crossing at 1512.75 is the next upside target. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. The March NASDAQ 100 was up 4.00 pts. at 1505 as of 6:37 AM ET. Overnight action sets the stage for a steady to firmer opening by the NASDAQ composite index later this morning. The June S&P 500 index was lower in overnight trading as it consolidates just below the 75% retracement level of March's decline crossing at 1145.33. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If June extends its rebound, a test of March's high crossing at 1162.30 is the next upside target. The June S&P 500 Index was down 2.90 pts. at 1145.30 as of 6:38 AM ET. Overnight action sets the stage for a steady to weaker opening when the day session begins later this morning.

Dow has gone bullish IMHO - it made a new 20 day high today.
Just to join the other bullish comments flying around.
Will the S&P and DAX 30 follow?

Who cares?

Could this be the reason the Dow has picked up?

Changes in DJIA Components

Per the announcement this morning of changes in the underlying stocks in the DJIASM , there will be a new DJIA divisor as of 4/8/2004. On 4/8/2004 the following 3 stocks will be removed from the DJIA: AT&T (T), International Paper (IP), Eastman Kodak (EK). The following 3 stocks will be added: American International Group (AIG), Prizer Inc. (PFE), Verizon (VZ).

For a description of how the DJIA is calculated using the DJIA divisor see the section "Index & Contract Features" in the CBOT DowSM Complex Reference Guide.

afternoon everybody:
Dow has had a bit of a fall so far lets see what its going to do.So far the short has paid well and have locked in profits.

rgds
zarif

Dow certainly gave a wow at the end on the long which i opened after closing the short for a gain of 75pts and 60pts on the long. Enough for today.
the fx eurdoll and cable gave a tidy return aswell.
Good friday will certainly be ggod

just watching now.

zarif

It works every time. I call it long and the Dow falls.

Afternoon everybody:
The jobless figures were good (better than expected).The dollar is strengthening against the eurdoll and cable.The dow futures are up.GE is showing double digit gains etc etc etc.All bullish scenario so far today. So what are our views? Mine is that it is going to climb high today-would not surprise me if we get past 10600 -10650 and than hopefully splat down.Good friday tomorrow and with the long weekend break reckon the volumes will be slight and hence more motility in the market behaviour.
Let the market decide your moves and jump on the bus whether its going downtown or up country.
trade safely and wisely.

rgds
zarif

I'm short the S&P, why? - see the chart.

Still short the S&P.

Still short the S&P.

afternoon everybody:
Just got in and about to have a peaceful cuppa (the kids are off school and its like WW111 in the house.)
The dollar is giving the Euro and Cable a pasting today so the First real trading day starting on the Ym today -Wonder whats in store for us.My view is that it will be consolidating and than make a move up or down ( i feel it might be pop and drop scene).
Anyway we will let the market decide our actions.Go with the flow as they say!!!

rgds
zarif

Hi zarif.
My short was stopped out at break even and now the S&P is down 15!
18 below my trade.
Sometimes I wonder why I bother.

It's just gone through my target now.
I'm done with stops. They lose me more than they are worth.

Short june spx @ 1131.4.

Closed the spx june short for 6.4 points (1125).
Nice change to have a winner.

The Trin is at 4.59. That's unusually high, isn't it?

I have noticed it as high as 11.5 today, as you say thats not normal

It doesn't seem to be affecting the price much either.
I wonder what that's all about.

So, once again spx rises to the close as the short term shorters take profits. Will it rise after the open again tomorrow for another short?

Both INDU and SPX are testing the 38% Fib retracement from 5th April high and 24th March low.
Tomorrow should be interesting.