Tuesday, November 16, 2010

Futures Point to a Lower Open...

BMO - ES -6.50 and NQ -13.75 are lower in pre-market trading and point to a lower open...The COMPQ and NDX look to open near or below Friday's low...Watch the support on AAPL, BIDU, GOOG, NFLX and PCLN, if broken be prepared to trade to the downside as I demonstrated last night...Remember AMZN broke support yesterday...

TLT is up +1.17 and the Euro is up 15 pips...

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

Trading Down - FCX, PCLN, JOYG, CTSH, AAPL, MICC, BBBY, AMZN, FSLR, BIDU, RIMM, WYNN, CLF, DECK, SLB, WLT, GS, NFLX, FFIV, CRM, TBT, VMW, CSTR, NFLX, X, TSL, CHL, JEC, BA, WHR, DE, SWN, V, STI, FDX, URE, GMCR, UCO, NYX, DOW, FAS, AKAM, AKS, LDK, SNDK, SPG


Trading Up - TLT, CREE, GR, HSY, POT, GME, HAS, SKX, CAT, F, URBN, NTAP, SIAL, ADSK, MAT, ROST, SRCL, GILD, GOOG

2 comments:

Anonymous said...

Dave,
Thank You for all you do.
The addition of the setups to your regular posts has helped tremendously, I am more prepared to take action in either direction.
As always, your efforts are GREATLY appreciated!
thanks again,
A greatful student

p.s. please continue to do what you do for the many of us, who follow your daily posts!

Judy said...

Good evening DAVE! Thanks for all the information you provide. This has been an interesting week so far. Looking forward to more fun tomorrow! Thanks again, Judy