Wednesday, July 1, 2009

Futures Pointing to a Higher Open...

BMO- ES +5 and NQ 11 are higher in pre-market trading pointing to a higher open. Remember that Friday is a holiday, so there is only today and Thursday left for trading. Keep this is mind as you plan your short term trades today. Also stay focused on the 920 support area for either a break or bounce. On Tuesday 920 broke intraday as the SPX sold down to 913 and then bounced.
Look at theses charts...
(click image to enlarge)
At the Open on Wednesday SPY – bearish engulfing QQQQ – bearish engulfing FUQI – white spinning top +4.65% GMCR hanging man SHLD bearish harami FAS – bearish engulfing TRLG – spinning top ICE – black candle ESRX – white spinning top MUR – white spinning top JOYG – black candle breaks low of high day STT – bearish engulfing AMX – bearish harami X – black candle breaks low of high day
DECK – black spinning top AMZN – bearish harami outside day AAPL – doji PCLN – black candle breaks low of high day BIDU – bearish harami GES – black spinning top DLB – hanging man SYNA – hanging man NFLX – hanging man PWRD - bull flag

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