Friday, December 16, 2011

Futures Point to a Higher Open Following a Higher Euro...

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Dave will be on tastytrade.com at 9 am CT this morning...


BMO – ES +6.00 and NQ +15.50 futures are higher 200 minutes before the open in pre-market trading and point to a higher open…volume is light for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 2 cents on 117,800 shares in pre-market at this time…

TLT is up 51 cents and the Euro is up 38 pips in overnight trading…

NDX leaders AAPL, AMZN, BIDU, GOOG and QCOM are trading higher…PCLN has not yet traded….

Dave’s Insight for Friday:  higher Euro…higher bonds… Financials flat…setting up a moderately higher open …Expiration Friday's often have a volatile trading range day with moderate net change…watch for a trading range day...Euro finds support at the 1.3000 area and the SPX finds support at the 1,210 area…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

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

SPX
Resistance: 1,230, 1,249, 1,260
Support: 1,216, 1,205

Quoting DownSINA, FAZ, SOHU, RIMM, GILD

Quoting UpVMW, ANF, FAS, DECK, UNP, MCP, CAT, IBM, URE, DE, SLB, SLW, GS, CRM, FCX, WLT, CDE, NKE, CLF, MOS, CMG, V, RCL, CREE, UCO, CRUS, GRPN, LVS, ANR, TSLA, UCO, C, HAL, TLT, ARUN, X, CRM, DOW, STI, GOOG, WYNN, AMZN, VRTX, AAPL, INFY, SHLD, BIIB, ADBE, AMGN, PNRA, CA, BIDU, GMCR, ROST, DTV, LRCX, ALTR, NFLX, CERN, VOD, SBUX, WFM, QCOM

2 comments:

Mark Crockett said...

Hey Dave, thanks for all you do. Keep an eye of SWKS for a reversal. Looks to me like we may have a double bottom. Earnings good so may be a chance to make some money on the rise.

PENNY STOCK INVESTMENTS said...

nice movement