Thursday, July 2, 2009

Futures Pointing to a Lower Open...

Have a fun filled and safe July 4 Independence Day holiday weekend! Dave with be on the Weekly Wrap today at 4:30 pm ET with Tom Sosnoff
BMO - ES -4 and NQ -6 are lower in pre-market trading pointing to a lower open. Today is the final trading day before the three day July 4 weekend. So options traders...trade accordingly. The futures have come down to the 910 support area overnight...so watch for a potential support bounce and be prepared for a support break.
Look at these Charts...
(click image to enlarge)
At the Open on Thursday SPY – tombstone doji QQQQ – shooting star FUQI – shooting star GMCR – black shooting star SHLD – black spinning top FAS – spinning top inside day TRLG – spinning top inside day ICE – black candle ESRX – white spinning top MUR – black shooting star JOYG – tombstone doji STT – bearish harami AMX – white spinning top new high AMZN – bearish engulfing AAPL – black spinning top PCLN – bearish doji harami BIDU – bearish engulfing GES – white spinning top SYNA – black spinning top NFLX – bearish engulfing PWRD – white candle support bounce +5.28%

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