Wednesday, September 16, 2009

Futures Pointing to a Higher Open...

BMO – ES +4 and NQ +4 futures are higher in pre-market trading pointing to higher open. GOOG +1.96, AAPL +2.93 and BIDU +2.47 are higher in pre-market trading. The 1,044 resistance breakout has held Monday and Tuesday as the SPX has inched up towards the next level of resistance at 1,075 which is the 875 resistance breakout chart price target. (click image to enlarge) CAT and FUQI enjoyed a monster breakout on Tuesday while AAPL, BDK, DOW, FLS, FCX, JOYG, SPG, X, WHR, WLT, ZION all continued moving higher in their respective trends. Keep trading the trend as we move towards options expiration Friday. Stay tuned for Part 2 of A Secret of This Emerging Bull Market later today… Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – AAPL – BIDU – BDK – DOW – AXP – BAC – FAS – ZION – WLT – JOYG – X – FLS – FWLT – WHR – PCP – FUQI – PWRD – FCX – CAM – MHS – TGT – ARO – GES – SPG – FLIR – JCI – CAT – FAST – JCG – UAUA –

6 comments:

Mark Crockett said...

Dave - great stuff. Trend, S&R, Momentum. Check out RIMM breaking out too. New S1 support level at $80.

Mark Crockett said...

Checkout GE and AMZN

Mike F said...

Oh Joy, I mean JOYG!

Thanks for all of the insight Dave

Brian McAllister said...

JOY(G)!! is right Mike. 1075 on the SPX here we come. Thanks Dave.

Anonymous said...

good job with your 875 b/o! It did hit the 3 m target the technical analysis pointed towards.Many of the other pro traders have been hailing a big fall (I'm not saying that isn't a possibility) but you stuck to what the charts were "saying". Thanks!

Anonymous said...

Hello Dave... My account sure does look good today! Yes, I am one of the one's who stuck with BDK through the pull back.

This would not have been the case last March 2009, before I began regularly listening to you and reading your posts (here).

Thank you for all that you do, Dave!
Happy, Happy, HAPPY,
Laney
PS
Patiently waiting for your Part 2.....