Early Morning Action
Futures are looking a bit lower this morning. Sometime last night futures spiked down about 20-30 points for some reason. My guess is the Asian markets had opened up and were hedging against potential downside this morning but it’s anyone’s guess.
Visa’s looking weak this morning with pre-market action taking it below $82. I will most likely take a nibble at $81 which appears to be a good support base with two failed breakdown attempts over the past week at that level. If $81 does break down, $77 appears to be the next logical support base. I still don’t think well see Visa under $80, but one never knows.
Option Addict has released his latest watchlist this morning. If you’re in need of ideas, just starting out, or need to see how JK works, head on over and check it out.
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