Monday, January 4, 2016

Stocks Fall in China Leading to Trading Halt...Asia, Europe Lower...Futures Down

12:25 pm ET - Mid-day gainers:  DDD, LULU, SUNE, CHK, GPRO, FEYE, KSS, RRC, SWKS


10:25 am ET - turning positive after lower open...SUNE, FINL, FIVE,
Intraday reversals in progress: FSLR, CNC, AMBA, MS

10:05 am ET - SPY back to support red candle...XLE still positive...

9:55 am ET - December support 199-200 area holding as SPY forming hammer...Airlines AAL, DAL, LUV, UAL lower as oil rises...XLE now positive...


9:40 am ET - Buyers coming into energy stocks...TSO, KMI, MUR, DVN, MPC, HES, CNX, NOV, WMB, APC...XLE near even...

9:35 am ET - Oil up over 70 cents...TSO bounce/breakout...VLO, bounce...


BMO – ES -35.50 and NQ -102.25…stock futures point to a lower open…

SPY is …down 3.39…

XLF is down .49 …
Euro is down 6 pips…
TLT is …up 1.27…

Quoting Up: VXX, BXLT, NEM, LULU

Quoting Down: NFLX, YHOO, MS, JPM, FCX, AA, WYNN, LUV, NVDA, AMZN, FB, AAL, BAC, DAL, FSLR, MU, PYPL, AAPL, UAL, AXP, C, SWKS, GS, CMG

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…


1 comment:

Gary said...

Dave,

Your mid-morning updates are very much appreciated. I guess we'll see what happens at the end of the day. Any technical guidance you can give at the end of the day would be appreciated too. I know there are alot of naysayers out there but it seems that every number the Feds print is either low or adjusted by the "Chicago boys" to be higher than it actually is. Our friend has some interesting writings here: http://dwightanderson.blogspot.com. As always, we appreciate your dedication to Chart Signals and look forward to a successful year.

Thanks,

Gary