Unexpected events arising in my schedule kept me from getting back before the close...
There are some who believe that there may be some tax selling of stocks that are up strong in 2010 beginning on Monday to push the tax obligation into 2011 tax year…so if you see your short term or other exit signal today you want to follow your rules and exit…if tax selling does occur it will provide re-entry opportunities at better prices…
There are some who believe that there may be some tax selling of stocks that are up strong in 2010 beginning on Monday to push the tax obligation into 2011 tax year…so if you see your short term or other exit signal today you want to follow your rules and exit…if tax selling does occur it will provide re-entry opportunities at better prices…
BMO – ES -3.25 and NQ -1.25 futures are slightly lower about 60 minutes before the open in pre-market trading and point to a flat to slightly lower open…if regular trading is like the pre-market expect another low volume day...
TLT is up 61 cents and the Euro is up 81 pips in premarket trading…
NDX leaders only PCLN is slightly higher in pre-market trading…
Setup Charts to Watch
Bull Flag Setups – VMW, GS, ICE, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, WYNN, AMD, NETL, USD, CRUS
Horizontal Breakout – X, PNC, NYX, WHR, AIV, C, SLB, DOW
MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK
Bear Flag Setups – HAS, V, SKX
Horizontal Support Breakout – TBT, CAKE, LDK
SPX
Resistance: 1,256, 1,281
Support: 1,241, 1,220, 1,209
There is little to no volume in pre-market trading …
Quoting Down – SPG, WLT, TBT, CLF, CREE, DLR, VECO, CRM, MHS, GS, GOOG, NFLX, AMZN, FSLR, VMED, MICC, AAPL, FFIV
Quoting Up – FCX, TLT, FWLT, POT, MOS, CMG, PCLN, JOYG, CHRW
2 comments:
Good morning DAVE! Thanks for reminding me about my friend--TREND, and about my rules--don't forget to follow MY rules. If I start to get sidetracked by all the noise, I just need to come back and read your blog. Best to you in 2011. Looking forward to WSWU later toda! HAPPY NEW YEAR! Judy
Dave- just a quick note to thank you for all you do. I have learned much from you this year, and the 4 day live in November was great. I look forward to increased profits in 2011 as a result. Thanks for the great example you give us; not only in technical trading but in life. Your heart comes through load and clear. We really do appreciate what you do! God bless you and your family. Mark Crockett
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