Energy ETF Technicals Looking for Lower Move
Technical Screens found trouble in the energy sector.
Oil
Before The Market
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
Option Activity
With the market trying to sort out what Fed Chairman Ben Bernanke is trying to single to the market we found several equities with high call and put option volume in afternoon trading.
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