Friday, January 14, 2011

Futures Point to a Flat to Slightly Lower Open...JPM Reports...

BMO – ES -3.00 and NQ -0.50 futures are slightly lower 15 minutes before the open in pre-market trading and point to a flat to slightly lower open…

TLT is up 7 cents and the Euro is up 6 pips in premarket trading

JPM reported 1.12 eps vs. consensus 99 cents this morning before the open...INTC after the closeon Thursday reported EPS of 59 cents vs. 53 cents consensus estimate and revenues of $11.46 B vs. $11.37 estimate and raised Q1 revenue guidance.  2010 best year ever and expect 2011 to be even better.

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

Dave’s Insight for Friday:  Today is the Friday before options expiration.  Follow your rules and begin to look for opportunity to exit front month expiration.  Remember this is a three day weekend followed by only four trading days next.  Evaluate trading performance through after the close.

SPX
Resistance: 1,281, 1300
Support: 1,256, 1,241, 1,220

Quoting DownCSTR, WLT, HAS, MA, PCX, MCP, FCX, CMG, GS, ESI, CLF, DECK, HLF, TSL, BYI, BA, ARUN, TSL, X, SNDK, SLB, VECO, MICC, ILMN, NFLX, LIFE, QGEN, BIDU, ADSK, FFIV, MXIM, NVDA

Quoting UpSINA, MOS, USD, CAM, CREE, WHR, HOLX, SKX, VMW, KLAC, LRCX, CTSH, SIAL, BRCM, ADP, PCLN, WYNN, AMAT, GOOG, QCOM, ALTR

2 comments:

Anonymous said...

Good afternoon Dave,
I liked last night title of the AIT "THE LAST DANCE". I will be feeling very sad if it was the last session for Dave but it is not. You will be around and I'm very thankful for that .
Have a wonderful 3 days weekend, and I'm looking forward for the new curriculum, hope to hear more of Dave

Laney said...

Good morning Dave,
Thank you for this mornings market coverage.

- Dear sista, look at DJ'S "it's a beautiful mornings blogs comments" ;) -