BMO – ES -4.25 and NQ -3.50 futures are lower in pre-market trading pointing to a lower open. AAPL -0.36, AMZN -0.86, GOOG -3.29 and BIDU +4.46 are mixed in pre-market trading
The Euro is down 27 pips in overnight trading and oil is quoting down 77 cents in electronic trading. XLE is quoted up 15 cents in pre-market trading.
The short term trend is down in a bull flag pattern.
Watch for Momentum to move above:
SPX 1,073
INDU 9,920
COMPQ 2,131
RUT 591
SPX
Support = 1,061…1,056…1,044
Resistance = 1,075…1,100
Trading Down: AAPL, AMZN, GOOG, SNDK
Trading Up: NFLX, DOW, FAZ
Look at these Charts…
(click image to enlarge)
At the Open on Wednesday
SPY –
QQQQ –
XLE –
ATW –
AAPL –
AMZN –
BUCY –
SNDK –
CREE –
DECK –
NFLX –
NKE –
FCX –
JOYG –
CAT –
POT –
ADSK –
ADBE –
BDK –
DOW –
WLT –
WHR –
ACN –
FLIR –
HANS –
AMX –
NWSA –
ISRG –
GS –
FAS –
FAZ –
AKAM –
CAM –
PCLN –
At the Open on Wednesday
SPY –
QQQQ –
XLE –
ATW –
AAPL –
AMZN –
BUCY –
SNDK –
CREE –
DECK –
NFLX –
NKE –
FCX –
JOYG –
CAT –
POT –
ADSK –
ADBE –
BDK –
DOW –
WLT –
WHR –
ACN –
FLIR –
HANS –
AMX –
NWSA –
ISRG –
GS –
FAS –
FAZ –
AKAM –
CAM –
PCLN –
4 comments:
Happy morning to you, Dave!
I wanted to take the opportunity this morning to tell you what a huge difference you have made for the better, in our trading development!!
Wishing you a wonderful day.
Laney
P.S.
Hi CR!
Dave,
Rich just reminded me that, that counter trend trade you did @ AT on Monday, on the SPY executed Tuesday and hit it's target during the last hour today! (Target you set was $104.60).
No wonder we listen, (well...just one of the reasons, besides you being charming, intelligent, and good looking-- Oh geezz-Maybe i have a sugar rush from that fruit i just ate-heeeheeee), to you!
Congratulations on a Great trade!!
We want to be Just like you when we grow up as traders.... :D
Laney
PS
Sorry about the deletes.....
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