Monday, January 3, 2011

It's a New Year...It's a Beautiful Morning and Futures Point to a Higher Open...

Good morning Chart Signal readersIt’s Beautiful Morning this first trading day of the year…Read the January 1 Post and send your email, if you have not already taken the first simple step to making 2011 your best year yet!  Don't be left out...

BMO – ES +10.00 and NQ +21.75 futures are higher about 20 minutes before the open in pre-market trading and point to higher open…stocks are up on heavy pre-market volumeXLB and  XLF are up more than 1% in pre-market trading….

So, look at these charts X, AGU, MOS, FCX, DOW, BAC, GS, TBT, FAS

TLT is down 92 cents and the Euro is up 8 pips in premarket trading

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

Dave’s Insight for Monday:  Stay with your up trending trades until you see your exit signal…


SPX
Resistance: 1,256, 1,281
Support: 1,241, 1,220, 1,209

Quoting DownTLT, FAZ, AMX, MHS, URBN, NFLX, MICC

Quoting UpPCP, CMG, GS, WLT, CRM, AGU, LVS, CLF, BA, MOS, POT, FCX, FAS, X, CSTR, SPG, SLB, CREE, HAS, ATI, VMW, TBT, CAT, SNDK, BAC, RVBD, V, DE, CHL, FCX, SOHU, STI, SINA, MCD, ARUN, DOW, LDK, AMD, PCLN, FFIV, ISRG, AAPL, GENZ, GOOG, AMZN, BIDU, FSLR, PCAR, NIHD, JOYG, CTXS, NTAP, BRCM

5 comments:

CR said...

Good morning Dave and all - Happy New Year - May this year be successful for everyone

Anonymous said...

Dave,
Thank you so much for everything!!! Best in the New Year!!
Don

Judy said...

Good morning DAVE! It looks like many or most of the stock you note in your blog are flying away today. What a fantastic start to the new year! Thanks for sharing what you see. It sure helps me! Have a great day! Judy

Anonymous said...

Happy 2011 Year to Dave and his bloggers!!!
Thanks Dave for your continued committment to your students.
Very grateful student
Deborah

Anonymous said...

Happy 2011 Year to Dave and his bloggers!!!
Thanks Dave for your continued committment to your students.
Very grateful student
Deborah