I remain bearish on the ES as stock futures took a dive after this mornings 7:30 am CDT jobs number and continued to fade throughout the day, to slightly rise near the close. EUR/USD futures fell about 30 pips following the release, falling to a total of 112 pipps into the afternoon, hitting new lows of $1.2271. I feel that $1.23 was a key support level for the Euro and am curious to see how the $1.22 level will be tested.
S&P 500 futures closed at 1349.50, down 12 points, NASDAQ futures fell 36.75 points to 2605.75, and Dow Jones Industrial Average futures fell 123 points to 12709.00.
Jamba Inc. (JMBA) rose 9.87% after expectations that the country’s heat wave would increase sales of their signature smoothies.
Today’s fall Informatica’s (INFA) shares sparked worry across the software industry as Western Europe’s demand is falling. IBM Corp. (IBM) fell 1.99% and Tibco Software (TIBX) fell 6.32%.
Monday is a big day for earnings as Alcoa (AA) kicks off the Q2 earnings season with a negative outlook. Analysts’ consensus is that there is an oversupply in aluminum without guidance for higher demand.