S&P 500 Index Futures Give All Of Monday's Gains

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading lower by twenty-eight points at 2071.75. It has been all downhill for the index since the Chinese government announced the devaluation of the Yuan. The index has almost erased all of Monday's gains and now trying to find support at Monday's low (2071.75). All of the top ten component of the index are in the red. Leading the way on the downside is Apple Inc

shares which are trading lower by $5.23 at $114.49. Last week's low in the issue stands at $112.10. It is followed by Exxon Mobil

shares are trading lower by $2.20 at $76.55, It has made a new low for the recent down move at $76.33, eclipsing the former low of $76.90.