BMO – ES +1.50 and NQ +3.75 futures are higher 20 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…
Q4 GDP came out at a revised 3.0%, higher than the 2.8% released at the end of January…the economy continues to strengthened.
XLF is up 2 cents on 55,300 shares in pre-market at this time…
FAS is up 55 cents …
TLT is up 32 cents…
the Euro is down 14 pips overnight trading and is forming a live dark cloud cover pattern …
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are higher…NFLX is DOWN…
Dave’s Insight for Wednesday: lower Euro…higher bonds… Financials up…setting up a slightly higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
The SPX, INDU, NDX and COMPQ hit a New High Close and the pre-market action looks like the NDX will continue to lead the recent up trend…During the past 10 weeks the SPX has not had a correction of more than 33 points, a very stable trend during this low volatility period…
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: 1,370, 1,375, 1,388
Support: 1,361, 1,353, 1,347
Quoting Down – FSLR, CMG, CSTR, ESI, GS, STI, A, VOD
1 comment:
Thank you, Dave!
Kathy :)
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