Thursday, January 27, 2011

NFLX and POT Up Big...Futures are Mixed and Point to a Flat Index Open...

BMO – ES -1.75 and NQ -0.50 futures are lower one hour before the open in pre-market trading and point to a flat open

TLT is up 2 cents and the Euro is up 41 pips in premarket trading and is above horizontal resistance

NDX leaders AAPL, AMZN, GOOG, NFLX and PCLN are higher in pre-market trading…BIDU are near unchanged…NFLX is +24.00 in pre-market…POT is +6.00...

Earnings
Thu – BA, CAT, CTXS, LRCX, NFLX, QCOM, SWK, UTX

Dave’s Insight for Thursday:  Stay with the trend until it ends.

Continue to follow key earnings releases and the opportunities they create.

Moves on Wednesday
Continuation – GLW, IBM, XLNX
Resistance Breakout – FLIR, INTC, ACN, NVDA
Bull Flag Bounce – WLT, CLF, JOYG, SLB, BIDU, WYNN, GILD, CTRP, NTAP, ADSK, FLEX, WFT, OIH, NOV, TIE, PCX, FWLT, SWKS, HUM, F, PNC, SINA, MCP, GM, A, LLTC, FAS
MACD Divergence Bounce – GME

Setup Charts to Watch on Thursday
Bull Flag Setups – HPQ, SNDK, DISH, HSY, MS, LDK, NYX, ESI, UNP, UNG, BK, SID, MHS, AMD
Breakout Setups – NVDA, TIE, HANS, DE, SMH, DTV, NDAQ, MYL
MACD Divergence – DECK, GES, HAS, NKE, HNZ

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

Quoting DownARUN, PCP, SINA, CMG, CAN, GMCR, TLT, ATI, SBUX, LRCX, RIMM, TEVA

Quoting UpNFLX, POT, CF, CAT, FCX, SWK, MOS, AGU, DE, WLT, IPI, RVBD, BA,CRUS, PCX, UAL, FDC, STI, MCP, FWLT, SWKS, CSTR, CREE, TBT, LVS, SNDK, MCD, QCOM, CTXS, AMZN, CHKP, JOYG, FFIV, SYMC, BRCM, AKAM, PAYX, WYNN, PCLN, GOOG, MY, CTSH, CTRP

2 comments:

Anonymous said...

Thanks again for your excellent insights. I follow you daily.

Gary A

John R said...

GOod Morning Dave !

I continue to be amazed at the level of detail you give us with the setups. Some days I do a quick read and focus on a few stocks, but it is such a great education to go through the chart for every one of your setups, then your methodology is clear. It's like a mini workshop every day...If I'd only started following your guidance earlier, but there's no time like the present and we're all going to make 2011 THE BEST TRADING YEAR EVER !!

thanks

John R
San Fran