Friday, January 21, 2011

Futures Point to a Higher Open...

BMO – ES +8.00 and NQ +17.25 futures are higher 15 minutes before the open in pre-market trading and point to a higher open …

TLT is up 31 cents and the Euro is up 71 pips in premarket trading and breaking out of horizontal resistance which could lead to higher commodity prices…

GOOG is up 13.64 and ISRG is up 33.72 in pre-market after positive earnings...

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

Dave’s Insight for Friday: Look for re-entry. Follow your rules.

Setup Charts to Watch on Friday
Bull Flag Setups – MYL, DISH, DTV, XLNX, LLTC, NVDA, SMH, SINA, INTC, F, GM, A, DE, FAS, NDAQ, NYX, PNC, BK, SID, FWLT, LDK, MCP, PCX, TIE, WLT, CLF, UNP, HUM, HSY, MHS, JOYG, AMD
Breakout – UNG, IBM, ACN, ESI, HANS, HPQ, MS
MACD Divergence – GES, GME, HAS, NKE, HNZ

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

Quoting DownBIIB, MA, FCX, CSTR, FSLR, MYL

Quoting UpISRG, GOOG, CRM, CLF, POT, CF, SINA, MOS, AGU, RVBD, VMW, X, CMG, WLT, WHR, DECK, DE, SOHU, MCP, CAT, STI, PCX, IPI, BA, HOLX, LVS, SNDK, CAM, UAL, CREE, FAS, VECO, ARUN, CRUS, V, PCLN, FFIV, AMZN, AAPL, VIDU, MXIM, CTXS, SHLD, CEPH, CTRP, NFLX, ALTR, JOYG, ADBE, ROST, ESRX, INFY, , EXPE, BRCM, MU, RIMM

1 comment:

Anonymous said...

very glad to see the setups again, thanks Dave! have a great day and a terific week end!