Thursday, June 18, 2009
Futures Pointing to a Flat to Higher Open...
Total jobless insurance rolls fell by 148K, the largest drop in seven years.
BMO - ES +3 and NQ +3 futures are slightly higher in pre-market trading pointing to a flat to higher open. SPX closed at 910 in the area of the 200 DMA support. Watch the trading this morning to see if this support area holds. The VIX was lower yesterday and the SOX higher. Next support area is 893, the 50 DMA.
RIMM reports earnings after the close.
Thursday is the last day for most index futures and options and Friday is quadruple witching.
Look at these charts...
(click image to enlarge)
At the Open on Thursday
SPY – spinning top
USD – hammer/bullish harami
FAS – black candle below 50 DMA
FAZ – white candle above 30 DMA
UNG – holding above 30 DMA
AAPL – black spinning top
AMZN – white spinning top/bullish harami
BIDU – white spinning top
DECK – white spinning top
GES – black spinning top
JOYG – doji
SYNA – bullish engulfing
CTSH – bullish harami
FLS – black candle in bull flag
NFLX – break above 30 DMA heavy volume
MHS – bullish engulfing
DDS – doji
WYNN –hammer
JOSB - doji
APOL – white candle confirm inverted hammer
GS – close just below 30 DMA
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1 comment:
Didn't know what this meant so I googled it. Just thought I would post for those who wanted to know as I did. Thank you Dave for all the education.
What Does Quadruple Witching Mean?
A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.
Thanks, Michael
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