Tuesday, April 28, 2009

Futres Point to a Lover Open...

10:05 am ET - For the second day in a row ES and NQ futures open lower and rally. ES are now down only - 3.50 and NQ futures are - 4.50. Follow your rules... BMO - ES -13 and NQ -13 are lower in pre-market trading and pointing to a lower open. Check out thes At the Open stocks: (click image to enlarge) At the Open on Tuesday SPY – shooting star ADBE - bearish harami after horizontal breakout ALGT – bull flag support bounce at 30 DMA RS – spinning top at 200 DMA ICE – support bounce at 20 DMA XLNX – white spinning top AMGN – breakout of 50 DMA DECK – at support of 30 DMA SNDA – spinning top support bounce at 20 DMA EBAY – inside day at 200 DMA GME – spinning top inside day at 200 DMA SHLD – spinning top inside day at 200 DMA ADS – spinning top AG – bearish harami at horizontal resistance LEAP – large white candle rise to 30 DMA ISRG – bearish harami

3 comments:

Anonymous said...

Hello Dave,

In looking at some stocks today I found one that has a pattern called 'Three white soldiers'. This was observed on a stock called PCP. As I continue to try and learn more about what I SEE I would say this is a bullish position as of writing this it seems to be in a bull flag. Am I reading this correctly? Truly enjoy what youa are doing here.

Randy

Anonymous said...

Hi Dave,

My sister forwarded your website to me few months ago. I have to let you know that it help me a lot. The informations you post are all very useful, you are a great coach!

Thank you very much!

Have a wonderful night!

Hellene

Dave Johnson said...

Randy,

Good eyes! You might notice that PCP has been in our Stocks to Watch list and has been Holding Above 30 DMA for some time. The is and has been up for some time. Three white soldiers is a short term bullish pattern that is secondary to Trend and Support and Resistance and falls into the Momentum group.

Dave