Tuesday, February 21, 2012

Futures Point to a Higher Open Following Greek Bailout Deal...

BMO – ES +3.25 and NQ +4.50 futures are higher 20 minutes before the open in pre-market trading and point to a slightly higher open…following Greek completion of Greek bailout deal…volume is light for pre-market with more stocks quoting up than down…Solar stocks FSLR, TSL and LDK are higher again this morning…

XLF is up 5 cents  on 36,500 shares in pre-market at this time…
FAS is up 74 cents
TLT is down 76 cents
the Euro is up 20 pips overnight trading …


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

Dave’s Insight for Tuesday:  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…

WYNN 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 DownCIEN, TLT, CHL, JNPR, NKE, GS, SWN, CTRP, GOOG, KLAC, LRCX, CERN, BIDU, WFM

Quoting UpWYNN, PCLN, AAPL, NFLX, GOLD, TPX, HUM, UCO, CMG, CRM, CLF, SLB, FCX, FAS, SWKS, MOS, SLW, MCP, CAT, SWI, LNKD, CDE, CSTR, TSL, WLT, HAL, ANR, COH, X, CROX, DE, BIIB, LIFE, CELG, FSLR, CTSH, BRCM, AMZN, DLTR, VRTX, ESRX, ALXN, MNST, DTV, VMED, NUAN, XLNX, NWSA, QCOM

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