Wednesday, September 9, 2009
Futures Pointing to a Flat Open
BMO – ES +1 and NQ -1 futures are flat to slightly lower in pre-market trading pointing to slightly lower open. GOOG, AAPL and BIDU are near Tuesday’s close in early pre-market trading.
Overnight in Asia and Europe futures traded in a narrow range apparently looking to US markets either push prices through the 1,025 resistance or continue trading at resistance.
If the 1,025 resistance is broken the next level of resistance is 1,044, the October resistance high. The SPX hit an intra-day of 1,039.47 on August 28.
After Tuesday’s gains the market looks for a flat open this morning. Continue to trade with the trend of the stocks you are trading.
Look at these Charts…
AGU…FWLT…FUQI...MRVL…SPG…URE
At the Open on Wednesday
SPY –
QQQQ –
WLT –
JOYG –
AMX -
DOW –
AGU –
X –
DE –
FLS –
FWLT –
WHR –
AXP –
PCLN –
BDK –
BAC –
FAS –
ZION –
AAPL –
PCP –
FUQI –
PWRD –
FCX –
CAM –
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2 comments:
Hi Dave,
I really miss you this week but wanted to let you know how much I love the WLT trade (among others)!!!!
Thank you for all you do!
Kim
I know what you mean, Kim-
I am missing Dave something awful this week, too!
Maybe we should start a; "We got the Blues Real Bad when our Dave is gone" club..
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