Monday, June 22, 2009

Futures Pointing to a Lower Open...

BMO - ES -9 and NQ -12 are lower in pre-market trading pointing to a lower open. Keep and eye on key support levels 90.30 in the SPY and 903 in the SPX. Between the opening price and these key support areas is where one would expect buyers to enter the market. Keep in mind the Fed announcement Wednesday afternoon which may keep the broad indices in a trading range until that occurs... Look at these stocks... (click image to enlarge) At the Open on Monday SPY QQQQ AAPL ADBE NFLX PCLN QCOM USD MRVL FAS ICE STT SPG PRU URE SHLD TRLG FUQI Keep and eye on the education stocks that are at resistance APOL, DV CECO, COCO, ESI...bounce down or break out?

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