Thursday, September 17, 2009

Futures Pointing to a Flat Opening...

BMO – ES +0.50 and NQ +0.50 futures are flat in pre-market trading pointing to flat open. GOOG +1.68, AAPL +0.61 and BIDU +0.09 are mixed in pre-market trading. The SP futures traded in a narrow 5 point range over night after the cash SPX moved towards the next level of resistance at 1,075 on Wednesday. Wednesday formed a large white candle and the S1 level is 1,061 which is now the short term support level. Keep trading the trend as we move towards options expiration Friday. Stay tuned later today for our recap of the gains realized on our real time virtual trades on ZION, FLS, GRMN, MA, PCLN, WHR and XLF… Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – AAPL – BIDU – BDK – CAT – DOW – FLS – FWLT – WHR – X – JOYG – PCP – AXP – BAC – FAS – ZION –
STT - WLT – FUQI – PWRD – FCX – CAM – MHS – TGT – ARO – GES – SPG – FLIR – JCI – FAST – JCG – UAUA –

3 comments:

Anonymous said...

Good morning Dave
you must be up since 3am your time wow !!!! that's amazing, but anyway i really enjoyed reading your posts and thanks for all your time and effortsand also for your insights . You are a wonderful and an eggssellent instructor .

Looking forward for your session today

Anonymous said...

Thank you for this morning's post, Dave!
Laney

Unknown said...

Thanks Dave for all your insights. You may have noticed I am no longer attending your trading rooms, it's because my subscription has expired.
I have extended virtual coaching. I will see you in virtual coaching then.

Do you consider CELG and HANS as c patterns?