Tuesday, 18 October 2011

United States Fed's Bernanke Speech 18th October 2011


U.S. stocks are poised to extend Monday's slide today, thanks to uninspiring gross domestic product (GDP) data out of China and a few lackluster big-cap earnings reports. Among the notable pre-market decliners are blue chips IBM Corp. (IBM) and Bank of America (BAC), which are both set to start the session in the red. Meanwhile, lingering concerns about the fiscal health of Europe have also fueled the bears ahead of the bell, with Moody's warning that France's triple-A credit rating could be in danger. Against this pessimistic backdrop -- and ahead of an afternoon speech from Federal Reserve Chairman Ben Bernanke (6.15pm UK TIME) -- the Dow Jones Industrial Average (DJIA) is flirting with a second straight triple-digit drop.
Dow, S&P and Nasdaq futures

1190 is a key support level which has been hit a few times, perhaps this is the level if broken will send the spx 500 down to 1150.

Good luck trading.

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