Selling Pressure Picks Up

02/05/2010 10:01 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The US stock market closed on the lows, and overnight, the global markets are once again being hit hard. The S&P futures are down about 15 points in pre-open trading as the market is also looking out to the monthly jobs report. The cash S&P 500 has next good support in the 1035-1050 area with the rising 200-day MA and additional support at 1000-1015. The McClellan Oscillator has reversed again to the downside after testing the zero line and is likely to reach oversold levels at -300.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES

Keyword Image
MSG Networks: A Sporting Chance
12/12/2018 5:00 am EST

Validea is an advisory service which assesses stocks based on the investing criteria of many of the ...