Friday, September 9, 2011

Futures Point to a Lower Open...

BMO – ES -9.00 and NQ -12.25 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 10 cents on 108,200 shares in pre-market at this time…

TLT is down 48 and the Euro is down 101 pips in premarket trading…

NDX leaders AAPL and PCLN are quoting higher…AMZN, BIDU, GOOG, NFLX and QCOM  are quoting lower

Dave’s Insight for Friday:  Futures just pulled back in the last 20 minutes…Take the trade according to your rules…watch for intraday low following Thursday’s profit taking…Remember the five week trend is sideways, until a break of resistance or support occurs...Trade with the short term trend…Watch XLF as a key factor in any SPX move up or down

SPX
Resistance: 1,200, 1,225, 1,235
Support: 1,177, 1,160, 1,146


Quoting Down UCO, LNKD, CF, CMG, SLB,VMW, CAT, CLF, GS, CRM, WLT, DE, SOHU, SLW, V, URE, FCX, RCL, MOS, HAL, IBM, POT, ANR, SWN, X, GMCR, MCP, FFIV, DOW, FAS, SINA, TLT, GES, C, VRSN, AMZN, GOOG, NFLX, RIMM, PCLN, BIDU, AKAM, INFY, BIIB, JOYG, FFIV, AAPL, ESRX, LINTA

Quoting UpISRG, FAZ, HUM, VECO, SWK, NTES, ANF, DHR, ESI, DLTR, WYNN, KLAC

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