Thursday, April 21, 2011

BIIB, FFIV, QCOM and AAPL are Gapping Up...Higher Open...

Dave will be in the ITS Trading Room at the market open, the Weekly Wrap with Tom Sosnoff at 4:30 pm EDT, and in the AT Trading Room at 5 pm MDT / 7 pm EDT.  See you there


BMO – ES +6.75 and NQ +24.00 futures are higher about 60 minutes before the open in pre-market trading and point to a higher open volume is moderate for pre-market and many more stocks are quoting up than down in pre-market trading…Financial stocks, XLF is up 9 cents in pre-market…

Today is the last trading day of this week.  Markets are closed on tomorrow for Good Friday.

Pre-market is so strong that you should be sensitive to the potential for a fade and manage accordingly…

BIIB +21.19%, AAPL +4.37%, FFIV +10.79%, QCOM +4.36%, are higher in pre-market trading following earnings…CMG -2.47% IS lower on Thursday morning

Key Earnings this week:

Thursday – MXIM, SNDK, VRTX, BIIB, AMD, ALD, ALXN, COF, DD, GR, LLL, NEM, NUE, NOK, PCX, PNC, RMBS, SLB, UAL, VZ

TLT is up 39 cents and the Euro is up 80 pips in premarket trading

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

Dave’s Insight for Thursday:  Continue to follow your rules…Stay with the trend… Be alert as indexes approach resistance…INDU is breaking out as of Wednesday

SPX
Resistance: 1,330, 1,344
Support: 1,321, 1,311, 1,300

Quoting Down – CMG, SINA, TEVA, LRCX, WYNN, GILD, WLT, CAM, PCX, FAZ, SOHU, V, WDC, TBT, DHR, VOD,  

Quoting Up – BIIB, AAPL, FFIV, CRM, SWKS, RVBD, CLF, NTES, SLW, VMW, HLF, DECK, GS, SNDK, TIF, CRUS, NYX, CF, UCO, IL, CDE, FCX, CAT, AGU, POT, X, ARUN, MCP, FAS, JDSU, URE, STI, MOS, LVS, DOW, JNPR, DE, TSL, SMH, ZION, TLT, PCLN, GOOG, QCOM, BRCM, NFLX, AMZN, CELG, SNDK, JOYG, CTXS, FAST, NTAP, COST, ALTR, AKAM, WFMI

2 comments:

CR said...

Thanks Dave for your insights. It's really nice to see you respond to those who post in your blog.

TraderBobb said...

Dave:
There must be more than one of you for all you do.
Thank you.
Robert
CANI_212