Friday, May 1, 2009

Futures Pointing to a Flat Opening

Dave will be in the Wall Street Wrap up today at 4:30 pm ET with Steve Quirk of TOS and Jason Money... 1:41 pm ET - Did you catch the breakout? Just reached 877.50 after consolidation in a 4 to 5 point range from 11:25 am ET to 1:15 pm ET...I am interested to know how many readers are trading or wanting to trade futures on an intraday basis... If you are drop me an email and let me know at chartsignals@yahoo.com 1:00 pm ET - ES near resistance, I am watching for a breakout of 872.75 intraday high... 12:16 pm ET - ES just made a higher lower after previous support bounce run from 10:36 am ET 10:36 am ET - Support bounce in ES right now... 10:20 am ET - ES moving lower at 863 -7.00... 10:05 am ET - ES futures find support as SPX and RUT trade positive and Nasdaq and DJIA near breakeven... 9:50 am ET - Stocks are drifting lower on light volume in early trading...Only four of the NDX 100 have above average volume...30 of the 100 are trading higher... FLIR...EXPE...FISV are trading higher after reporting earnings... (click image to enlarge) 9:40 am ET - Markets open flat...most stocks trading flat to slightly lower... These At the Open stocks moving higher in early trading... (click image to enlarge) BMO - ES and NQ futures are near even in pre-market trading pointing to a flat opening. At the Open on Friday SPY – black spinning top ALGT – spinning top SCHN – horizontal breakout ICE – spinning top DECK – spinning top SNDA – black candle ADBE – spinning top at 200 DMA EBAY – black spinning top in pennant GME – spinning top close below 200 DMA SHLD – white candle bounce at 200 DMA WYNN – shooting star WHR – doji LEAP – spinning top ISRG – dark cloud cover DHR – black spinning top DE – white shooting at 200 DMA

5 comments:

Peggy said...

Count me in Dave!
I'll be in a plane and won't hear your market wrap live but I'll be listening to the recording!
Loving your SCHN and X today!
Have a great weekend!
~Peggy

Ken M. said...

Dave,
Have traded ES contracts and want to learn to do more and do better. I have got caught trading to emotionally and taken a few good hits (to the account). Easy to follow rules on paper accts but not on real accts ... any info you can provide would be appreciated as I would ultimatey prefer to trade futures than options (at least day trade). Thanks.

Jim said...

Dave,

I have paper traded the ES contracts, have not been sucessful. I want to learn how to trade this product.

Jim Ehorn

TDanna said...

Hi Dave,

Love the real time intraday updates. Very helpful..thanks!

I'm also looking for your updated trade sheet as I know you mentioned getting in more trades a day or two ago? Can you post the updated spreadsheet so we can all follow along?

Thanks in advance.
Toni

Whirlbet said...

ROFL = rolling on the floor laughing