Monday, July 20, 2009

Futures Pointing to a Higher Open...

3:15 pm ET - stocks have remained in a trading range in positivie territory on Monday...ES +9.25 is slightly above its opening level...AAPL rose to 155 before pulling back to 152.09...Big winners today were PWRD and FUQI...I closed a number of winning virtual trades from the different webcasts that I will summarize later today... BMO – ES +6 and NQ +5 futures are higher in pre-market trading pointing to a higher open. It is interesting that the ES is stronger than the NQ in pre-market trading. Watch to see if the indices make a high higher than Thursday or Friday...940 - 955 is horizontal resistance for the SPX...be mindful of the large number of earning announcements this week...AAPL is up almost $2 in pre-market trading... Financials XLF which were the weakest sector on Friday are up in pre-market trading... Tuesday: AAPL, CAT, GENZ, MRK, MS, BTU, YHOO, WFC Wednesday: F, GR, ISRG, MOS, UNP Thursday: AMZN, BIDU, AXP, BNI, DECK, MSFT, MCD, NFLX, POT Friday: BDK, WYNN Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – FUQI – GMCR – SHLD – FAS – FAZ – ESRX JOYG – STT – X – AMZN – ADBE – AAPL – PCLN – BIDU – GES – NFLX – PWRD – ALGT – INFY – JOSB – PRU – URBN – ARO –

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