BMO – ES -23.00 and NQ -38.50 futures are lower about 10 minutes before the open in pre-market trading and point to a low open…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 25 cents on 175,300 shares in pre-market at this time…
TLT is up 1.93 and the Euro is down 60 pips in overnight trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are quoting lower…NFLX is higher in pre-market trading.
Dave’s Insight for Monday: The dollar is up following a selloff in Asia and Europe reportedly over concerns on Greece debt once a gain…with the SPX closing near horizontal resistance on Friday a pull back is not a surprise…remember to trade for your target and move your stop according to your rules…exit bullish trades and entry bearish trades according to your rules …Watch XLF as a key factor in any SPX move up or down…
SPX
Resistance: 1,225, 1,235, 1,249
Support: 1,200, 1,177, 1,160, 1,146
Quoting Down – GOOG, PCLN, ISRG, AAPL, HUM, CRM, TIF, CMG, VMW, GS, IBM, CLF, CAT, DECK, WLT, SLB, SINA, UCO, DE, GMCR, CF, FFIV, MOS, POT, ANG, V, RVBD, FCX, SOHU, MCP, HAL, C, DOW, ANR, FAS, LVS, TBT, X, NKE, SWKS, SNDK, VECO, CSTR, LNKD, CROX, TSL, SMH, NTES, NVDA, JDSU, PCX, HLF, CIEN, WYNN, AMZN, BIDU, FSLR, FFIV, DLTR, WFM, ADP, QCOM, COST, LRCX, INFY, VOD, ESRX, TEVA, CMCSA, EBAY, RIMM, VRSN
Quoting Up – FAZ, TLT, SLW, NFLX
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