BMO – ES +0.25 and NQ +4.25 futures are slightly higher 15 minutes before the open in pre-market trading and point to a slightly higher open… volume is light for pre-market with more stocks quoting up than down…
XLF is up 2 cents on 46,400 shares in pre-market at this time…
FAS is up 45 cents …
TLT is down 80 cents…
the Euro is up 53 pips overnight trading …
NDX leaders AAPL, BIDU, GOOG and PCLN are higher…AMZN and NFLX are lower…
Dave’s Insight for Thursday: higher Euro…lower bonds… Financials up…setting up a flat to higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
With VIX remaining low the SPX continues to trade with the pattern of one thrust day and several consolidation narrow range days…the SPX had a thrust day on Thursday and its range was 7.17 on Wednesday, pre-market volume appears to suggest another narrow range consolidation type day…
SHLD is set to gap up…
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: 1,361, 1,370
Support: 1,353, 1,347, 1,331, 1,315
Quoting Down – SINA, CMG, TLT, TSL, JNPR, WLT, CRM, FSLR, AMZN, ADBE, TEVA, AVGO, NFLX, LIFE, VMED
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