Monday, April 25, 2011

Futures Point to a Flat Open...SOHU, ISRG, NFLX, PCLN Up...SINA Down...

Dave will be traveling today to teach an AT Workshop in San Francisco.  See you there…


BMO – ES +1.75 and NQ +2.25 futures are slightly higher about 20 minutes before the open in pre-market trading and point to a flat to higher open volume is light to moderate for pre-market and a similar number of stocks are quoting up and down in pre-market trading…Financial stocks, XLF is flat in pre-market…

SOHU is up after reporting earnings this morning…VECO is quoting down on analyst downgrade…SINA -2.59 on 57Kshares…

Key Earnings this week:
Monday – SOHU, ESRX, NFLX, VECO
Tuesday – AKS, AMZN, BRCM, ILMN, X, F
Wednesday – CTXS, AKAM, EBAY, SBUX, FISV, QGEN, ORLY, BA
Thursday – POT, CSTR, CERN, EXPE, FSLR, KLAC, MSFT, NIHD, VRSN, CROX
TLT is up 4 cents and the Euro is up 48 pips in premarket trading

NDX leaders NFLX and PCLN are higher in pre-market trading… AAPL, AMZN, BIDU, GOOG and QCOM are flat before the open…

Dave’s Insight for Monday:  Continue to follow your rules…Stay with the trend… Be alert as indexes approach resistance…Earnings will rules trading this week…The SPX will likely nee the help of XLF to breakout of horizontal resistance

SPX
Resistance: 1,344, 1,352, 1,367
Support: 1,330, 1,321, 1,311

Quoting Down – SINA, ESI, CMG, GS, JNPR, VMW, VECO, TIF, VLO, HLF, CRM, SNDK, DHR, DLR, ALXN, FAST, FFIV, DTV,   

Quoting Up – ISRG, PCLN, NFLX, SOHU, SLW, UCO, CDE, SWKS, POT, CLF, CIEN, WLT, RVBD, CHL, SLB, CAT, NTES, CSTR, CTSH, ILMN, INFY, COST, WFMI, TEVA, VRTX, NTAP, BBBY

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