Thursday, August 7, 2008

Markets Pull Back in Early Trading

Markets are pulling back from resistance in the first half hour of trading. Watch key S1 levels on Tuesday's candles and key MA support levels. FNM off on the open with earnings coming after the close. Thursday Early Action: Moving Up: BUCY, USO, STRA, POT, MOS MTL Moving Down: BIDU, MA, SINA, DECK, SOHU, X, DRYS, GS, FWLT, SCHN, ESRX, GRMN, MON, NIHD, LEH, MER, FSLR, CELG, IBM, V, AMZN, BAM, PCLN, FNM We are involved with unscheduled travel today so will not post until later. Stay focused and Best of Success!

3 comments:

Peggy said...

Dave,
Thanks for everything! Your insights and commentary are so much appreciated! Even in your travels and busy schedule, you always make time for your blog and always do such a thorough job.
Thank you,
Peggy

Anonymous said...

Hope all is well with you Dave and whatever challenges you faced today have been solved to your satisfaction.
As Peggy says, much appreciate your genuine desire to educate us and all you generously give to us for our trading welfare.
Best wishes from Vancouver BC
Francis

Anonymous said...

Dave,
Hope everything is OK by you with your unexpected travel. Just heard Jonathan's AIT on 10dEMA and 40dEMA crossover trend identification strategy. Very interesting and helpful for a long term objective perspective in today's overall crazy volatile market. He did an excellent job in presenting and being there for you even though he is not a Dave Johnson. We will miss you in Vegas, but will catch you in DC.