Wednesday, December 22, 2010

Futures are Mixed and Point to a Flat Open...

BMO – ES +0.25 and NQ -1.50 futures are mixed in pre-market trading about 75 minutes before the open and point to a flat open…pre-market volume in our watched stocks is light this morning as we near the Chritmas 3 day weekend...

TLT is down 36 cents and the Euro is up 17 pips in premarket trading

NDX leaders PCLN, GOOG, NFLX, AMZN and AAPL are higher in pre-market trading…

Setup Charts to Watch
Bull Flag Setups – AKAM, HSY, WHR, ACN, NTRI, TBT, ATW, CREE, NETL, GME, USD, CRUS, CSTR, RMBS
Horizontal Breakout – FAS, F, FLS, FCX, CF, NYX, GES, GR, WYNN, DOW
MACD Divergence – LDK, TSL, JASO
Bear Flag Setups –LXK, CMG

SPX
Resistance: 1,256, 1,281
Support: 1,220, 1,209, 1,200

Trading DownNETL, DECK, USD, CREE, TLT, IPI, POT,XLNX, ALTR, VRTX, AKAM, TEVA, BRCM

Trading UpPCLN, ARUN, ESI, CRM, FCX, RVBD, BA, TBT, FAS, SINA, NFLX, AMZN, ATVI, CTXS, GOOG, AAPL, APOL, FAST

1 comment:

Anonymous said...

JEC returned 236% in 3 days.
I bought when I was supposed to buy and I sold when I was supposed to sell.

I wish every trade was that good.