BMO – ES +0.25 and NQ +2.50 futures are slightly higher 30 minutes before the open in pre-market trading and point to a flat to higher open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 4 cents on 27,100 shares in pre-market at this time…FAS is up $1.00 …
TLT is down 4 cents and the Euro is down 5 pips overnight trading …
CERN to Gap Up after EPS…
NDX leaders AAPL, AMZN, BIDU, GOOG, QCOM and PCLN are higher…NFLX is lower…
Dave’s Insight for Wednesday: Flat Euro…flat bonds… Financials up…setting up a flat to higher open and expect consolidation and short term trend to hold… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
Watch for bounce continuation and follow your rules for exit…the intermediate term trend is still up…
Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…
SPX
Resistance: 1,347, 1,353, 1,361
Support: 1,331, 1,315, 1,300, 1,292
Quoting Down – DECK, DLR, IBM, UAL, FAZ, TLT, PNRA, CTSH, ISRG, NFLX, VOD
Quoting Up – CERN, CF, ICE, FAS, CLF, GS, UCO, CSTR, V, FCX, SINA, CMG, SWI, POT, SOHU, SLB, X, MCP, MOS, WLT, CAT, UNP, RCL, GRPN, RVBD, ANR, LVS, C, LNKD, HAL, GOOG, AAPL, BIDU, WFM, AMZN, VMED, LIFE, WYNN, SHLD, GOLD, FSLR, GMCR, NUAN, ORLY, PAYX, BRCM, PCLN, STX, GRMN
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