Monday, January 30, 2012

Futures Point to a Lower Open Following the Euro Lower...

BMO – ES -12.00 and NQ -20.75 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 a more stocks quoting down than up…Financial stocks, XLF is down 16 cents on 162,300 shares in pre-market at this time…FAS is down $2.55

TLT is up $1.79 and the Euro is down 130 pips overnight …

NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are lower…NFLX is higher…

Dave’s Insight for Monday:  Lower Euro…Higher bonds… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential move below the low of the high day and a break of short term on any positions and follow your rules for stop adjustment or exit…the intermediate term trend is still up and any pull back is likely to be a low volatility move…

The SPY is following the Euro lower early this morning on light volume…

Chart Signals will be watching the Euro, XLF and the VIX...


SPX
Resistance: 1,315, 1,331, 1,347
Support: 1,300, 1,292, 1,277

Quoting DownPCLN, GOOG, WYNN, MNST, AAPL, AMZN, GOLS,CELG, CF, FAS, CRM, IBM, GS, WLT, CAT, CLF, DEC, SLB, V, SOHU, VMW, FCX, X, UCO, POT, CMG, SINA, SLW, LVS, COH, ESI, SNDK, MOS, ATI, DECK, TBT, ANR, HAOL, RCL, DOW, RVBD, WDC, SWK, LNKD, CHL, C, AKS, SMH, NVDA, TSL, WFM, FSLR, IDU, SNDK, SBUX, SPLS, QCOM, TEVA, VRTX, BRCM, ORCL

Quoting UpTLT, DLR, FAZ, ANF, INFY

1 comment:

Anonymous said...

Thanks, Dave.