Thursday, October 29, 2009

Futures Pointing to a Slightly Higher Open...

BMO – ES +2.25 and NQ +1.50 futures are lower in pre-market trading pointing to a lower open. AAPL -0.50, AMZN +0.14, GOOG -0.10 and BIDU -1.01 are mixed in pre-market trading The Euro is up 10 pips in overnight trading and oil is quoting up 41 cents in electronic trading. XLE is quoted down 29 cents in pre-market trading. FSLR is down 20.97 or -13.83% in pre-market trading following lower than expected revenues and slightly above expectations on EPS after the market on Wednesday. The short term trend is down in a bull flag pattern.
Watch for Momentum to move above: SPX 1,056 INDU 9,822 COMPQ 2,081 RUT 576 SPX Support = 1,044…1,025 Resistance = 1,056…1,061…1,075 Trading Down: FSLR, WHR Trading Up: V, FCX, GS Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – XLE – ATW – V – 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 –

1 comment:

Anonymous said...

Good Morning, Dave.
Thank you for this morning's post!

Laney
P.S.
Happy preHalloween..
P.P.S.
CR;
BOooooooooooooo ~
:0 ("see you in class tonight!")