Monday, February 7, 2011

Futures Point to a Slightly Higher Open...

BMO – ES +3.50 and NQ +2.25 futures are slightly higher about 30 minutes before the open in pre-market trading and point to a slightly higher open

TLT is flat down 1 cent and the Euro is down 54 pips in premarket trading and continues above but is nearing old horizontal resistance at the 1.3450 area

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

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

SPX
Resistance: 1,311, 1,321
Support: 1,300, 1,281, 1,271

Dave’s Insight for Monday:  Continue to stay with the trend, move your stops up and exit at your targets, all according to your rules.  How did the first five weeks go?  Are you on track to reach your goal?  Make sure your five week assessment tells you what you are doing right so you can continue to repeat it and highlights anything you did that deviated from your rules so you can change it.

Quoting DownISRG, CERN, NIHD, VRSN, HUM, HAS, CMG, MCP, WHR, NTES, GS, GLW, CHL, MHS, LXK, AGU, MA, NVDA, CTSH, ESRX, INTU, VOD, WYNN, BMC

Quoting UpPCLN, NFLX, AAPL, GOOG, ILMN, FSLR, NTAP, FFIV, AKAM, DHR, POT, VECOK SINA, URE, MOS, SLW, FCX, SWKS, SNDK, RVBD, CREE, SOHU, PCX, CRM, A, CRUS, FAS, SMH, CAT, CSTR, X, TSL, STI, DLR, BA, MCD, BAC, CLF, SPG, LVS, LD, GMCR, F, WCRX, GENZ, ADSK, AMZN, SNDK, BIDU, VRTX, CHRW, JOYG, ALTR, SRCL, FAST, WFMI, MICC, CEPH, TEVA, EXPE, MRVL

3 comments:

Anonymous said...

thanks Dave, the new daily insights are GREAT!

Brian McAllister said...

Thanks Dave. For week 5, I give myself an A+ for portfolio results as I outpaced the SOX. For following my rules, I give myself a B as on one of my trades I convinced myself it was ok to ignore a stop. But followed rules on everything else and pleased with the overall results. Thanks for your persistence!

Anonymous said...

Thank you Dave, the highlighted blue text is especially helpful