BMO – ES +6.25 and NQ +10.25 futures are up 80 minutes before the open in pre-market trading and point to a higher open…volume is light for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 13 cents on 289,200 shares in pre-market at this time…FAS is up $1.96…
TLT is down 47 cents and the Euro is up 36 pips pips overnight…
NDX leaders AAPL, AMZN, BIDU, GOOG and NFLX are higher…PCLN and QCOM have no volume…
Dave’s Insight for Thursday: higher Euro…lower bonds… Financials up…setting up a higher open …the Euro is higher overnight after positive results from bond auctions in Europe and is holding above its 1.27 support area …Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
After a pause day in which the SPX held its breakout of a pennant and made its highest close since July 28, 2011 at 1,292.48, it would be typical to see a resumption of its uptrend…
Chart Signals will be watching the Euro to see if support holds and the VIX to see if it stays below 25...XLF and TNX today as key factors in the SPX bounce…
SPX
Resistance: 1,292, 1,300, 1,315
Support: 1,277, 1,260, 1,249, 1,230
Quoting Down – FAZ, TL, INFY, WYNN, SHLD, CTSH
Quoting Up – WLT, SINA, FAS, CF, LNKD, GS, FCX, URE, CAT, MOS, SOHU, DECK, UCO, CLF, C, SNDK, POT, SLW, ANR, DOW, X, DE, CDE, MCP, TSLA, HAL, IBM, V, FFIV, STI, LVS, SLB, CREE, CROX, GOOG, GOLD, AMZN, AAPL, NFLX, FOSL, CA, BIDU, ADP, FSLR, ESRX, NUAN, PAYX, BRCM, VMED, FAST
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