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 –
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!
David Johnson, CMT
Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events.
Email: chartsignals@yahoo.com
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:
Dave - great stuff. Trend, S&R, Momentum. Check out RIMM breaking out too. New S1 support level at $80.
Checkout GE and AMZN
Oh Joy, I mean JOYG!
Thanks for all of the insight Dave
JOY(G)!! is right Mike. 1075 on the SPX here we come. Thanks Dave.
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!
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.....
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