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Dow Jones Industrial Average: At The Open

Nov. 13, 2011 6:21 PM ET
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CRG Research's Blog
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  • The Dow Jones Industrial Average futures, opened sharply higher as investors cheer Italy's new technocrat Prime Minister (I wrote a lengthy independent research paper on IMF imposed austerity -- The Washington Consensus).
  • With no US economic news on the calendar for tomorrow, trading with be European headline driven. First one to the story wins.
  • The Papandreou referendum, Greece potential bankruptcy, opening gap, has now been replaced with the technocrat Monti opening gap.
  • If you have nothing better to do and want to trade like a technician and a fundamentalist, you would buy and place a stop loss order where the gap would be filled.

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