Tuesday, July 14, 2009

Futures Pointing to a Higher Open...

BMO – ES +5 and NQ +6 futures are higher in pre-market trading pointing to a higher open. PPI and Retail Sales report will be out at 8:30 am ET. Watch for the reaction to the reports before the open to see if the futures maintian their higher price. Better than expected reports could lead a continued support bounce, while a negative surprise could result in a pull back after Monday's large gains. Earnings continue today with ABT and INTC reporting. Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – FUQI – GMCR – SHLD – FAS – FAZ – ESRX JOYG – STT – X – AMZN – ADBE -
AAPL – PCLN – BIDU – GES – NFLX – PWRD – ALGT – INFY – JOSB – PRU –

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