Trader's Notes Markets Remain Jittery

Published on Friday, 20 November 2009 10:02 Written by Danny Miller

New York, Nov 20 (TradersHuddle.com) – The major market indices remained under pressure this morning after the bad earnings miss by Dell Inc (NASDAQ:DELL).

Some Quick Traders Notes are:

1)      Market still holding above yesterday’s lows

2)      Goldman Sachs Group (NYSE:GS) continues to show weakness, its 20 day moving average has been on a negative slope for the past 3 weeks. This is something that Goldman hasn’t done since November of last year. Traders are worried, as Goldman has usually been the canary in the coal mine.

3)      AK Steel Holdings (NYSE:AKS) continues under pressure lingering just above the gap that developed after an analyst upgrade last week.

4)      Traders are watching yesterday’s intraday low for clues of where the market is heading.

5)      Today’s is Options expiration week, which will be adding volatility into the mix.