Friday, May 11, 2012

Futures Edge Down...Following JPM After Close Announcement of $2 Billion Trading Loss on Credit Default Swaps...


BMO - ES -10.00 and NQ -16.50 point to a lower open following JPM announcement after the close regarding a $2 billion trading loss on credit default swaps…JPM is down -3.41 in pre-market…

XLF is down 30 cents…
Euro is down 5 pips
TLT
is up 84 cents…
                                                                                                                  
Look for potential bullish divergence and support bounce entries on up and sideways trending stocks and bear flag and support break on down trending stocks…

Follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...


Quoting Up: TLT, FAZ

QUOTING Down:  AAPL, AMZN, BIDU, GOOG, PCLN, QCOM, JPM, FFIV, WYNN

1 comment:

Anonymous said...

Thanks Dave for your input and insight.