Friday, September 25, 2009

Futures Pointing to a Slightly Lower Open...

9:55 am ET - The INDU +20 points, SPX +1.70, COMPQ -2.63, RUT -0.55...HANS, PCLN, FLS, CAT, WYNN are also moving up...Sectors XLE, XLP and XLV are also higher... 9:37 am ET - On Tuesday, Sept. 22, in our VC webcast we placed two real time virtual trades on RIMM in anticipation of Thursday's earnings announcement. One was a Straddle and the other a Strangle. The Straddle cost was $10.95 and the Strangle cost was 6.70...after the gap down the Straddle is up 4.24 or 38.7% and the Strangle is up 3.70 or 55.2% BMO – ES -1 and NQ -3 futures are slightly lower in pre-market trading pointing to slightly lower open. AAPL -2.27, GOOG -3.02 and BIDU -3.73 are also lower in pre-market trading. RIMM which gapped down in after hours trading on an earnings announcement with an outlook that disappointed has some analyst downgrades this morning and is down over $12 in pre-market trading. The Euro is1 pip lower just before the open. SPX Support = 1,044 Resistance = 1,061 Look at these Charts… (click image to enlarge) At the Open on Friday SPY – QQQQ – AAPL – BIDU – FSLR – GOOG – BDK – CAT – DOW – FLS – FWLT – WHR – X – JOYG – PCP – AXP – BAC – FAS – SPG – STT – ZION – WLT – FUQI – PWRD – FCX – CAM – ARO – GES – FLIR – JCI – FAST – JCG – UAUA –

1 comment:

Anonymous said...

Good morning, Dave!
Thank you for your ever steady posts during these choppy waters ~

Have a wonderful morning.

Laney