Monday, November 15, 2010

Futures Point to a Higher Open...CAT to Buyout BUCY...

12:30 pm ET -  AMZN broke short term support AAPL is barely positive, GOOG, BIDU, PCLN and NFLX are all down and yet the COMPQ is +6.44...how?  Several smaller weighted stocks are positive this morning including JOYG up on the CAT/BUCY deal...SBUX, ORCL BIIB, GILD and WYNN are also helping lift the COMPQ...

Other stocks having a positive day include: BYI, F, TSL, LVS, FAS, ESI, ZION, CAT, VECO, UNP, WLT, GES, SKX, CRUS, ACN, AMX, WHR, ATW, STI, MHS, ICE, BA, UCO....


BMO - ES +5.25 and NQ +11.75 are higher in pre-market trading and point to a higher open...Retail sales rise 1.2% in October, largest rise since March...

Watch for a bull flag bounce on the index and many other stock charts we listed in Friday's post...

CAT makes buyout offer on BUCY +20.62, +29.62%...it's a beautiful morning...

SPX
Resistance: 1,209, 1,220, 1,234
Support: 1,200, 1,190, 1,182

Trading Down - CAT, AKAM, POT, FLS, TLT, URE, AMX, LINTA, NTAP, QCOM, CMCSA, INTU

Trading Up - BUCY, JOYG, SINA, CMG, DECK, WLT, MA, UNP, FFIV, CRM, CF, LVS, UAL, CLF, TSL, VECO, PCLN, V, AGU, F, MOS, VMW, NFLX, TBT, ATW, ARUN, RVBD, FAS, SNDK, BA, LDK, FDX, GES, CREE, SLB, UCO, SLB, SKX, DOW, GMCR, GOOG, AAPL, WYNN, BIDU, FWLT, CEPH, FSLR, PCLN, GENX, SHLD, WCRX, RIMM, AMZN, SNDK, PAYX, COST

3 comments:

Val said...

indeed it is....

Judy said...

Good morning DAVE! Thanks for your morning post. This is starting off to be an exciting November expiration week. Happy trading. Judy

maryb said...

Hi Dave,
Thank you for your guidance on market open today (and every day). This is a big help to me. Having your experience and market savvy to lean on helps me a lot even though I usually draw same S&R lines. I especially find helpful that you read between the lines to teach how to interpret certain stock price moves relative to broad market. You are helping me gain confidence in myself.
Have a great,
Mary Burkhammer