Tuesday, November 24, 2009

Futurues Point to a Flat Open...

Good Morning...I would like 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.
Dave will be in VC Options beginning at 9:30 am ET until 1:00 pm ET. See you at the market open. BMO – ES +1.50 and NQ -1.00 futures are higher in pre-market trading pointing to a slightly higher to flat open. AAPL -0.78, AMZN +0.86, GOOG +0.39 and BIDU -2.75 are mixed in pre-market trading. The Euro is up 13 pips in overnight trading and oil is quoting down 5 cents in electronic trading. XLE is up 12 cents in pre-market trading. The SPX is poised to open near Monday’s close and many stocks are up or down slightly pointing to a mixed open. Remember this is a holiday shortened week and look for volume to begin to get lighter and stocks may begin to drift and get a little choppy. SPY is up 23 cents at 111.05 pre- market trading. Monday’s high is 111.74. Other sectors are mixed in pre-market trading on little volume. On Monday sellers did step in at the 1,112 resistance area. Stay focused on the current support and resistance levels for the next short term trend move. SPX Support = 1,105…1,087…1,082…1,075 Resistance = 1,113 …1,025 to1,133 Trading Down: IWM, CAT, POT, BIDU, AAPL Trading Up: SPY, XLE, AMZN, DE Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – XLE – FAS – STLD – FLIR – FCX – PCP – EXPE – X – DE – NIHD – CSX – UNP – WLT – POT – STX – AAPL – AMZN – PCLN – BUCY – JOYG – CREE – DECK – NFLX – ISRG – AKAM – SYMC – V – NKE – CAT – SWK – ACN – PNC – DD – DIS – UTX –

1 comment:

Anonymous said...

Thanks Dave!

Laney