BMO – ES +0.50 and NQ +1.75 futures are near even in pre-market pointing to a flat. GOOG -0.40, AAPL +0.60 and BIDU -0.22 are also near even in pre-market trading.
Through Wednesday the SPX appears to be forming a horizontal bull flag. So far this week the SPX price action is staying above Friday’s S1 level of 1,017. Continue to stay with the trend and watch for your exit signal if a break below support occurs…
Airline stocks did well on Wednesday and Retail stocks which for the most part are in the middle of their earnings season are showing some good gains…JOSB gained nicely yesterday and reports earnings on Monday.
Look at these Charts…
(click image to enlarge)
At the Open on Thursday
SPY –
QQQQ –
JOYG –
PCLN –
BDK –
BAC –
FAS -
ZION -
AGU -
AMX -
BIDU -
FWLT -
GOOG –
ADBE –
AAPL –
X –
FUQI –
PWRD –
FCX -
DOW –
CAM –
MHS –
NFLX –
DE –
TGT –
PCP –
ARO –
ANF –
JOSB –
GES –
DSW –
At the Open on Thursday
SPY –
QQQQ –
JOYG –
PCLN –
BDK –
BAC –
FAS -
ZION -
AGU -
AMX -
BIDU -
FWLT -
GOOG –
ADBE –
AAPL –
X –
FUQI –
PWRD –
FCX -
DOW –
CAM –
MHS –
NFLX –
DE –
TGT –
PCP –
ARO –
ANF –
JOSB –
GES –
DSW –
2 comments:
Good morning, Dave.
Thank you for you commentary today!
Laney
PS
Hope you have a wonderful morning..
interesting counter trend , trend reversal or price fluctuation just what going threw my mind. made a lower low and buyer came back in ....on spx .... will see how the day ends . alot of stop being taken out I am sure
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