Wednesday, May 16, 2012

SPY Up in Pre-Market...

BMO - ES +5.50 and NQ +10.00 point to a higher open 35 minutes before the open, as ES and SPY bounce from the March support area…SPY is up 62 cents...

XLF is up 3 cents…
Euro is up 13 pips
TLT
is down 67 cents…

Look for potential support bounce off of intermediate term sideways trend support levels in some instances accompanied by a bullish divergence, flag support bounce entries on up trending stocks and bear flag and support break on down trending stocks… 

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


Quoting Up: SINA, FAS, LNKD, CRM, HLF, IBM, SOHU, DE, GS, HUM, CLF, SWI, C, CREE, ATI, TSLA, GOOG, FOSL, AAPL, DLTR, BIDU, AKAM, AMZN, NFLX, BBBY
 

QUOTING Down:  ANF, CHL, TLT, FAZ, UCO, VRTX, KLAC, SPLS, VOD

 

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