PRE MARKET

Futures down a bit and all over the place as tweet after tweet comes out on China trade.

But backing away from the noise:

Major indices held the 50 day moving average yesterday…a place that normally holds in an uptrend. Get the hint!

The NASDAQ, NDX, RUSSELL, TRANSPORTS and S&P bounced off this vital area. The DOW is below but influenced by a couple of names in BA and MMM.

Watching these areas closely.

It was good news yesterday that a bunch of leading growth software names stood tall and either held or got moving again. Leading growth names acting well is always important. If they come and get them, it will be a negative sign.