Wednesday, November 23, 2011

Futures Point to a Lower Open, No Morning Star, DE Gaps Up after Earnings...

BMO – ES -10.75 and NQ -17.00 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 15 cents on 104,900 shares in pre-market at this time…

TLT is down 8 cents and the Euro is down 122 pips in overnight trading…

DE is gapping up following earnings….

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

Flagging Stocks – UNP, SWK, DLR, UCO, GLW, HUM, FFIV, AKAM, ORLY, STX, FAST, QCOM, MU
Channeling Stocks – V, FFIV, ADBE, RVBD, JOYG

ADSK broke support in its sideways channel…stay alert for other stocks to do the same…

Dave’s Insight for Wednesday:  lower Euro…flat bonds… Financials lower…setting up a lower open …look for lighter volume on Wednesday before the Thanksgiving holiday…Many stocks are just above horizontal support, watch for bounce or support break…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: 1,205, 1,216, 1,230
Support: 1,177, 1,160, 1,146

Quoting DownCF, CMG, FAS, CRM, CLF, UCO, WLT, SLB, FFIV, VMW, SINA, SLW, RCL, TIF, RVBD, ATI, SNDK, FCX, HAL, URE, SOHU, URE, MOS, V, LVS, POT, GRPN, NKE, ANR, MCP, CAT, C, GOOG, PCLN, AAPL, BIDU, WYNN, FFIV, QCOM, NFLX, DLTR, WFM, ADSK, BRCM, EXPE, GMCR, SBUX, ROST, TEVA, ORCL

Quoting UpDE, FAZ, YHOO

2 comments:

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PENNY STOCK INVESTMENTS said...

Nice accounting