BMO – ES -1.75 and NQ -10.75 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open on Fridday…volume is light for pre-market with a similar number of stocks quoting down and up…Financial stocks, XLF unchanged on 633,100 volume in pre-market…
TLT is up 40 cents and the Euro is down 60 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU and PCLN are quoting higher while GOOG, NFLX and QCOM are lower in pre-market trading…
SLB, SNDK and SWKS are gapping up while CAT and CSTR are gapping lower…
Dave’s Insight for Friday: S&P futures are barely negative on a stronger dollar and bonds…Financials are unchanged…this indicates a non-reversal for now…Watch Thursday’s S1 as key short term support…Selectivity in the price action up and down after earnings is continuing this morning…Follow your rules for entries and exits…Trade the chart after earnings are out according to your rules…Watch XLF as a key factor for the SPX to continue its support bounce…
SPX
Resistance: 1,344, 1,359, 1,370
Support: 1,330, 1,321, 1310
Quoting Down – CAT, CSTR, DE, ESI, WTW, COH, DHR, UCO, GS, NDAQ, UNP, CLF, ZION, CF, AKS, MCP, NFLX, ISRG, JOYG, CERN, FLIR, WYNN, MCHP, XRAY, GOOG, NWSA, URBN, SIAL
Quoting Up – SLB, SWKS, INFA, SNDK, SOHU, FFIV, MOS, CROX, WDC, HLF, SOHU, HAS, SLW, CHL, TLT, POT, STI, TIF, CDE, SINA, ARUN, PCLN, BIDU, CHKP, CTXS, ADSK, ESRX, VOD, INFY
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