Friday, November 4, 2011

Futures Point to a Lower Open Following Jobs Report...

BMO – ES -9.75 and NQ -15.50 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with many more stocks quoting down than up…Financial stocks, XLF is down 19 cents on 139,900 shares in pre-market at this time…

Markets pause this morning following a employment report of 80,000 new jobs compared to 95,000 forecast with upward revisions to August and September of 102,000 more jobs that originally reported…Jobless rates drops to 9.0%...

TLT is down 22 cents and the Euro is down 21 pips in overnight trading…the Euro found support on Tuesday at the 1.3600 area which continues to hold…

LNDK -7.40, -8.46% down after earnings…

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

Dave’s Insight for Friday:  lower Euro…flat bonds…Financials down…setting up a lower open …this week’s pull back bounced for two days and is now set to pause at the open…move stops to protect profits…Always follow YOUR rules...

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

SPX
Resistance: 1,260, 1,273, 1,300
Support: 1,249, 1,230, 1,216

Quoting DownLNKD, ATI, VMW, GS, SWKS, DECK, IBM, TIF, HLF, COH, CRM, CHL, ANF, CAT, ESI, DE, CF, SINA, CSTR, POT, SLB, CAT, GMCR,FAS, X, FFIV, URE, MOS, HAL, CMG, SLW, V, LVS, C, TLT, IL, FCX, FWLT, GOOG, AMZN, AAPL, PCLN, WYNN, BIDU, EBAY, NFLX, ROST, EXPE, CTXS, BIIB, QCOM, TEVA

Quoting UpFAZ, GES, VECO, XLNX, SBUX, FSLR

2 comments:

Anonymous said...

https://www.tastytrade.com/#/

Dave on TastyTrade with Tom on Friday Nov 4 ... go to time segment 122:00 ... "Dave Johnson Calls In"

PENNY STOCK INVESTMENTS said...

Nice mover