Tuesday, September 7, 2010

Futures Point to a Lower Open...

Welcome back from the Labor Day weekend...

BMO - ES -6.00 and NQ -6.50 point to a lower open...more stocks are down than up on light volume...TLT +1.43 is up and the EURO is down 111 pips...ORCL +1.64, +7.16% on 3.5 million shares in pre-market trading...

Watch for a break below the low of the high day for short term exits from bullish trades and entry into short term bearish trades...Keep in mind that a lower open does not automatically mean a down down...

Trading Down - ESI, CMG, GR, USD, CRM, NFLX, POT, FCX, GS, VMW, FFIV, BUCY, CLF, AGU, MOS, V, FAS, CHL, BA, TSL, CREE, UAUA, CSTR, WMT, USO, LVS, VOD, WLT, X, CAT, CRUS, MCD, DOW, DE, PCLN, UNG, GOOG, MICC, AAPL, CEPH, AMZN, WYNN, JOYG, BIDU, RIMM, AKAM

Trading Up - FAZ, HLF, NTES, NETL, ORCL FISV, GENZ, STX, URBN

3 comments:

CR said...

Good morning Dave and everyone. Hope you all had a nice weekend.

Gail_A said...

Enjoy reading your comments on the Market. Hope you can begin doing Virtual Coaching again soon. We've missed you this summer.

bobbypin said...

Dave: I just wanted to thank you for improving my knowledge in technical analysis. Just closed a trade involving AKAM for one of my largest gains. Could not have done it without your insights. Will continue to follow you and my trading rules. Thanks for your expertise. Bob Pinnow