Wednesday, August 26, 2009

Futures Pointing to a Flat to Slightly Lower Open...

BMO – ES -1 and NQ +0.50 futures are slightly lower in pre-market pointing to a flat to slightly lower open.
Wednesday may break the low of the high day on some charts…so if this is a signal you use, you’ll want to watch closely today. Also if price action stays above Friday’s S1 level 1,017 on the SPX, realize this is price fluctuation. Stay tuned for another interesting trading day…
Tuesday was a breakout on the XAL, so there might be some interest in airline stocks like ALK, AMR, UAUA and LCC...
Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – JOYG – PCLN – BDK – BAC – FAS - ZION - AGU - AMZN - AKAM - AMX - BIDU - FWLT - CAT - GOOG – ADBE – AAPL – X – FUQI – PWRD – FCX - DOW – CAM – MHS – NFLX – DE – TGT – PCP – ARO –

4 comments:

Anonymous said...

Good morning to our Chart Signal Extraordinaire-

Thank you for this morning's commentary.

Have a Great Day!

Laney

craig said...

What do the bold symbols stipulate long or short?

craig said...

ALK is well above the 200ma coming up at a resistant level at 26.00 same with the $XAL, UAUA is hitting it's head on the 200ma as well as AMR they could pull back tomorrow Thurs.? Go Short?

Dave Johnson said...

Craig,

Airlines and all stocks...Follow YOUR rules. At the Open bold can mean a chart is posted or a stock or particular interest.

Dave