Tuesday, June 4, 2013

Stock Futures Poised To Extend Gains In Pre-Market...MCHP Up 5.70%...

BMO – ES + 1.75 and NQ + 7.25…futures point to a higher open in pre- market
SPY is up .14…

XLF is up .04…
Euro is unchanged…
TLT is …down .60…

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

Quoting Up:  MCHP, MNST, VOD, NUAN, ALTR, CERN, EBAY, PRGO, AAPL, A, TSL, GRPN, CLF, TSLA, TBT, BBRY, F, FAS

Quoting Down:  ALXN, BIIB, MU, COST, ORCL, GOLD, AMGN, AMZN, CRM, SSYS,


2 comments:

Judy said...

Can you briefly explain: "The Market Forecast Green Line closed below the Upper Zone and is pointed down?"

Dave Johnson said...

The Green Line is the intermediate term oscillator line of the Market Forecast oscillator. When it is below 80 and pointed down it indicates that the market is more neutral and a below 50 reading can indicate even more weakness. Generally when the Green line is below its 50 level the broader market, SPX has also broken support.

Thank you for asking.