May 11 Premarket Movers
| Stock | Movement | Reason | Our Comments |
| JPM | Down $3.30 | $2 Billon trading loss. | Question risk control of bank, and possibly other banks. Entire sector under pressure this morning. Really consolidating between 37.60 and 38 in premarket trade. |
| C | Down 1 point. | JPM trading loss. | Key swing number may be 30. |
| GS | Down 3 points. | JPM trading loss. | Huge psychological support at 100. |
| BAC | Down 22 cents. | JPM trading loss. | Had found good support at 7.65, that area may now serve as resistance. |
| JWN | Down 2 ponits. | Earnings last night. | 50 area may provide key psychological support. |
| NVDA | Up 1 point. | Earnings. | Getting a nice lift off earnings report. Has traded as high as 13.63 in premarket. 14 area may provide resistance as well. |
| DDS | Up 1 point. | Earnings last night. | Traded to new 52 week high last night. Old 52 week high of 67.22, may now provide some support. |
| * Listen to Market Outlook show at 8:45 ET for technical breakdown of financials and other market movers.
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This entry was posted by admin on May 11, 2012 at 8:05 am, and is filed under Uncategorized. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site.