Momentum Trades

Futures Pointing to Rough Open

9:00am (EST)

It was another chaotic week for the stock market which was hit with a lot of major headline news.  Oil, geopolitical tensions, and natural disasters dominated the U.S and global print as the bulls pushed resistance early in the week.  Things changed on Thursday as the bears attacked support and Wall Street was clearly rattled when two psychological levels were taken out by the bears – Dow 12,000 and S&P 1,300 – but, the bulls provided some relief as both indexes finished above these levels by Friday’s close. 

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