Wednesday, May 6, 2009

Futures Point to a Higher Open...

BMO - ES +7 and NQ +6 are higher in pre-market trading pointing to a higher open. Support bounce appears to be happening and after one pause day markets may be continuing the current uptrend. (click image to enlarge) At the Open on Wednesday SPY – doji bearish harami SCHN –white spinning top KOL – hanging man/bearish harami MEE – hanging man SNDA – bearish engulfing ADBE – white hammer EBAY –large white candle horizontal flag breakout SHLD – black spinning top ISRG – white candle new high close DHR – white candle new high close, above 200 DMA DE – white spinning top new high close above 200 DMA RIMM – doji after short term up trend SPG – bearish harami in ascending triangle pattern QLD doji bearish harami FAS – white shooting star bearish harami

2 comments:

Ken said...

Dave,

Thank you for your postings. I've noticed you used "Fut" to indicate futures are higher.

Dave Johnson said...

Ken,

Good job...it's interesting what can happen in the wee hours of the morning!

Dave