5.18.2009

TRENDLINES


Futures flipped around midnight and are now sharply higher as the Indian indexes ramped up 17%-


ES +7.25;

NQ +11;

YM +57;


All way above fair value and up past the EMA 20 trend line on both the SPX and the ES futures - lots of folks were watching that line as it continues to be support from the start of the rally in early March.


Also helping the futures are upgrades to GS MS JPM MGM etc.


Trader Mike showing his areas of support;


Buffet also helping the futures this morning as news of his recent additions hits the markets;


Commercial real estate - defaults moving on up;


Dr. Brett on his sector analysis;


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