Today: The Nasd futures came within 5 handles or so of matching the high of
it’s move since the financial crisis at 1900.00. It also is trading a bit lower though
thus far in the over night session, and the key overhead magnet and resistance
point to attempting a new high is at 1887.25. Above there and yesterday’s high of
this leg up at 1894.75 will be eligible. On the downside, support begins at
1881.75 down to 1878.00. Below that you have the dual support level of 1875 to
1874. Under 1874 and weakness tends to take over in the index and it is free to
trade lower. If we build up momentum on the downside, a move down to the
1862 level or lower is not out of the question, however our daily ATR is down to
21 and that may be a limiting factor to the overall aggressiveness.

• Previous Entry: Bonds 3-9-2010
• Next Entry: S&P 500 3-9-2010