Wednesday, October 27, 2010

Futures Point to a Slightly Lower Open...

BMO - ES -5.25 and NQ -7.75 are lower in pre-market trading pointing to a slightly lower open...ES is trading near Tuesday's low point and the NQ is trading near Tuesday's mid-range so look for the SPX to be weaker than the NDX which has been the pattern of the last two days...

TLT is -65 cents and the EURO is down 59 pips...weak bonds should give a lift to Financials XLF...

FFIV +9.08% in pre-marketing trading looks to gap up at the open, after reporting higher than expected earnings and raising Q4 guidance...

BRCM +10.42% in pre-market looks to gap up this morning after reporting 60 cents vs. consensus of 71 cents and initially trading lower in after-hours on Tuesday, BRCM raised Q4 revenue guidance...

Quoting Down - CMG, FCX, CF, ESI, CLF, CHL, CAKE, TLT, BUCY, MOS, X, GS, DE, SLB, DOW, CHRW, GOOG, ISRG, JOYG, AAPL, MICC, SBUX, LOGI,

Quoting Up - FFIV, BRCM, LIFE, ILMN, PCLN, AKAM, CTXS, CHKP, LRCX, COST, NTAP, IACI, RIMM, KLAC, CRM, NFLX, WHR, VMW, TBT, LXK,NETL, POT, TSL, SNDK

4 comments:

Judy said...

Good morning DAVE! Thanks once again for the morning boost! I miss listening to your classes but am trying never to ever miss your blog. In follow up to your comments this AM, it seems a little like watching a wrestling match of buyers and sellers. I appreciate your support/resistance information. It is interesting to watch how the market bounces around the numbers. Have a great trading day! Judy

Leigh said...

FFIV: I think you mean "after reporting higher than expected earnings."

Anonymous said...

Dave, this morning's trading room was incredibly helpful! The more you show how to effectively manage your current positions(moving stops, protecting profits,minimizing risk), the better. I find this to be the most difficult aspect of trading. Thank you and I would love to see as much of this as possible.

Dave Johnson said...

Leigh,

Typo corrected...it is nice to know someone is actually reading what I write.

Thank you.

Dave