Wednesday, November 25, 2009

Futures Point to Higher Open...

Good Morning...If you have not yet responded I would love to receive an email from you at chartsignals@yahoo.com on: What features in Chart Signals do you find of greatest interest or value? I am evaluating additional changes and would like to know what you find worthwhile. If you would email me today that would be greatly appreciated. BMO – ES +4.50 and NQ +7.00 futures are higher in pre-market trading pointing to a higher open. AAPL +0.86, AMZN +0.12, GOOG +2.91 and BIDU +1.96 are higher in pre-market trading. The Euro is up 118 pips in overnight trading and oil is quoting up 25 cents in electronic trading. XLE is up 14 cents in pre-market trading. The SPX is poised to open above Tuesday’s close and many stocks are up pointing to a stronger open. SPY is up 27 cents at 111.25 pre- market trading. Monday’s high is 111.74. Other sectors are mixed in pre-market trading on little volume. On Tuesday buyers did step in at the 1,098 support and moving the SPX back above 1,100 with a close at 1,105.65. Stay focused on the current support and resistance levels for the next short term trend move. Expect Wednesday to trade light volume especially in the afternoon and perhaps move easily between support and resistance as many traders will leave early today. SPX Support = 1,098…1,087…1,082…1,075 Resistance = 1,113 …1,025 to1,133 Trading Down: DE Trading Up: SPY, IWM, XLE, AMZN, POT, FCX, X, JOYG, AKAM Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – XLE – FAS – AMLN – ILMN – CREE – DE – STLD – FLIR – FCX – PCP – EXPE – X – NIHD – CSX – UNP – WLT – POT – STX – AAPL – AMZN – PCLN – BUCY – JOYG – DECK – NFLX – ISRG – AKAM – V – NKE – CAT – SWK – ACN – PNC – DD – DIS – UTX –

3 comments:

Anonymous said...

Thank you for this morning's market information, Dave..

Wishing you and your family a very Happy Thanksgiving!!

Laney

Anonymous said...

To all Dave Johnson fans that were asking about JOYG last night:) it was awesome today!!

I had a great dayt with FCX, X and my HK counter trend trade....

Happy Thanksgiving Everyone!
Denise

Peggy said...

Dave,
Great posts as always! Hope you enjoy the day off and have a great Thanksgiving!
I wanted to let you know that when I think of those people in my life that I am thankful for, I include you. I appreciate all the time and dedication you put into this blog and to the education of your students/traders.
With thanks and gratitude,
Peggy