Tuesday, November 15, 2011

Futures Point to a Lower Open as Euro Nears Thursday Low...HD Up on Earnings...

Dave is teaching a 4 Day Live this week…


BMO – ES -13.00 and NQ -21.50 futures are lower 70 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 thanvup…Financial stocks, XLF is down 15 cents on 4,400 shares in pre-market at this time…

TLT is up 63 cents and the Euro is down 83 pips in overnight trading…

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

Dave’s Insight for Tuesday: lower Euro…higher bonds…Financials lower…setting up a lower open …SPX moves lower in its symmetrical triangle...SPX price target is still 1,363 within the 10 week time window we mentioned when it broke out four weeks ago…use the bounce above the high of the low day as a new entry opportunity according to your rules…move stops to protect profits also according to your rules…Always follow YOUR rules at entry, exits and stops...

Chart Signals will be watching XLF, TNX and VIX today as key factors in any SPX move…

SPX
Resistance: 1,260, 1,277, 1,292
Support: 1,249, 1,230, 1,216