Wednesday, October 7, 2009

Futures Point to a Flat to Slightly Higher Open...

BMO – ES +1.25 and NQ +1.25 futures are slightly higher in pre-market trading pointing to a flat to slightly higher open. AAPL -0.51, GOOG +1.15 and BIDU -2.01 are mixed in pre-market trading. Futures are indicating a potential pause in the support bounce that started intra-day on Friday and picked up momentum on Monday. COST, FDO and MON beat analyst EPS estimates this morning and are trading higher in early pre-market trading. SPX Support = 1,044…1,025…1,017 Resistance = R1 = 1,056 Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – AAPL – PCLN – HANS – WYNN – FSLR – BIDU – GOOG – HOLX – FAS – AXP – BAC – STT – ZION – ADBE – AKAM – FLIR – MA – ISRG – NKE – BDK – CAT – DOW – WLT – FUQI – FWLT – WHR – X – JOYG – CAM – FCX – ARO – LVS – COST – FDO – MON –

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