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
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5 comments:
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
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.
Dave,
I have paper traded the ES contracts, have not been sucessful. I want to learn how to trade this product.
Jim Ehorn
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
ROFL = rolling on the floor laughing
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