Thursday, December 23, 2010

Merry Christmas as Futures Point to a Slightly Lower Open...

BMO – ES -2.00 and NQ -7.25 futures are slightly lower in pre-market trading about 75 minutes before the open and point to a slightly lower open…look for a lighter volume day that trades in a narrow range today…today is the last trading day before the three day Christmas weekend…Many traders will be taking the day off…

Merry Christmas to those that celebrate

TLT is down 23 cents and the Euro is down 39 pips in premarket trading

Amongst NDX leaders only PCLN is higher in pre-market trading…

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

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

Quoting DownWHR, FCX, X, LVS, GS, GES, DECK, SLB, ICE, AGU, ESI, TLT, FAS, MOS, SNDK, TEVA, CELG, WFMI, RIMM, GOOG, BIDU, GILD, AAPL, JOYG, AMZN, EXPD, MU

Quoting UpBBBY, VRTX, WYNN, PCLN, VECO, SOHU, A, MICC, ATVI, FSLR

9 comments:

Mike said...

Hi Dave

Thanks for your dilligence in your daily blog. I am an avid reader and continue to tune my AT skills and improve my trading. It makes a difference.
I wish a safe and happy holiday and new year to you and your family

Mike

linven50 said...

Merry Christmas, Dave! Thanks for your efforts!

Gary said...

Merry Christmas Dave!!!

Sandy H. said...

Dear Dave,

You're doing a lot of good in the world in your way. Many people appreciate your diligence, sacrifices and generosity in sharing your knowledge and insights.

May choice blessings be upon you and yours for a Merry Christmas and a healthy and happy 2011!

I've never met you, but I'm a loyal devotee who's starting to "get it" and hope to meet you one day.

Sandy H. - Boulder CO

Peggy said...

Dave,
Merry Christmas to you! Thanks for all you do for so many! Much appreciated! Thank you for teaching about your bull/bear flag strategy and for emphasizing "rules" and trading the set ups and to avoid the "noise". Also I love your new "bull and bear" flag set ups that you are posting in the mornings.
Your long time student and forever fan,
Peggy

Anonymous said...

Dave,
We truly appreciate your teaching. It is making a difference for us.
Thank you and Merry Christmas!
Debra and David

Anonymous said...

Dave, you make a difference in my trading & my life! Thank you & Happy Holidays Everyone!!!
Scott L of Nashville

Anonymous said...

Merry Christmas Dave!

When I give thanks and reflect on this past year you will be in my prayers.

Thank you and God bless,
A grateful student

Brian McAllister said...

Merry Christmas to you & yours Dave, and to all your community of students!