At the Open on Friday
SPY –
QQQQ –
FAS –
X –
STLD –
RIMM –
AAPL –
AKAM –
AMLN –
AMD –
CREE –
KLAC –
LRCX –
NVDA –
AMZN –
PCLN –
JOYG –
DECK –
NFLX –
ISRG –
EXPE –
FLIR –
CAT –
DE –
WHR –
PCP –
UNP –
POT –
AGU –
V –
CAT –
ACN –
PNC –
UAUA –
Friday, December 11, 2009
Futures Pointing to a Higher Open...
4:00 pm ET - Well I know everyone has been waiting holding their breath...it's closed so you can breathe...1,106.41...didn't close 1,105.98 like last Friday...actually closes 0.43 point higher...even though last Friday's closing comment on the Weekly Wrap didn't the exact number the technical forecast was right on...more of the same sideways...See you in the Wrap...
1:00 pm ET - 1,105.98 the SPX is at this very moment at last Friday's close...don't get all worked up about last Friday's comment...there is still 3 hours of trading to go...so it doesn't seem likely to finish exactly on that number...but it is kind of ironic...SEE you in the Weekly Wrap later with the final number...AA, UAUA with big moves...X and NKE are doing fine also...
9:42 am ET - early gains are holding and some key stocks are starting to move higher...UAUA, AA, DECK, PCP, FAS, LRCX, FCX, NKE, SNDK DE, NVDA, AAPL, KLAC, CREE and X...slightly lower is RIMM and AMZN...
BMO – ES +4.50 and NQ +5.75 futures are higher in pre-market trading pointing to a higher open. AAPL +1.10, AMZN +0.62, GOOG +1.90 and BIDU +2.20 are higher in pre-market trading.
The Euro is down 51 pips in overnight trading. Oil is quoting up 48 cents in electronic trading. XLE is up 15 cents in pre-market trading.
SPY is continuing its support bounce up 43 cents in pre-market trading inside its horizontal trading range. Stay prepared for a break out in either direction although it continues to appear likely that the SPX will spend this week inside the range.
Financials, XLF, is up 1 cent in pre-market trading.
Follow your rules in any trading actions today. Be logical.
SPX
Support = 1,087…1,082…1,075
Resistance = 1,106 - 1,117…1,125 – 1,133
Trading Down:
Trading Up: FAS, RIMM, AKAM, X, FCX, POT, CAT, JOYG, AMD
Look at these Charts…
(click image to enlarge)
At the Open on Friday
SPY –
QQQQ –
FAS –
X –
STLD –
RIMM –
AAPL –
AKAM –
AMLN –
AMD –
CREE –
KLAC –
LRCX –
NVDA –
AMZN –
PCLN –
JOYG –
DECK –
NFLX –
ISRG –
EXPE –
FLIR –
CAT –
DE –
WHR –
PCP –
UNP –
POT –
AGU –
V –
CAT –
ACN –
PNC –
UAUA –
At the Open on Friday
SPY –
QQQQ –
FAS –
X –
STLD –
RIMM –
AAPL –
AKAM –
AMLN –
AMD –
CREE –
KLAC –
LRCX –
NVDA –
AMZN –
PCLN –
JOYG –
DECK –
NFLX –
ISRG –
EXPE –
FLIR –
CAT –
DE –
WHR –
PCP –
UNP –
POT –
AGU –
V –
CAT –
ACN –
PNC –
UAUA –
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5 comments:
Dave,
I woke up this morning and thought about your 1105 comment last week. Of course Tom thought it would be lower but your words were "I would not be surprised if we ended this week at 1105".
You and your crystal ball rock! Ok maybe not the crystal ball, it's your years of experience and being a master technician . We are blessed that you are such a "pay it forward" person and the best teacher I know.
Have a great weekend!
Peggy
This morning got a call from Investools about the up and coming ATA live workshop with Dave that I'll be attending in San Fransisco. They said they had to open up another seminar down the road as this one would be pretty crowded.(that usually happens at his seminars. They gave me the option of switching to the more "roomy" comfortable seminar to which I politely interrupted and said. "sir, even if you were PAYING ME the $1,000 bonus to switch I wouldn't dream of it." The funny thing was, he said many, many people had already told him similar things....I got a kick out of that.
Also I have my room booked in that hotel and am happy to share a room there. Anyone can contact me by going to Investools community page, then click on coaching, then ATA trading rooms, and read my note and info. My profile is also around there. Looking forward to seeing you live Dave...... Scott
Good afternoon, Dave -
I very much enjoyed and learned from reading your commentary on the market this morning!
Scott, what a delightful story! I just wish we were going to be able to be there to see Dave and meet so many of our Great Trader friends-
For myself and my husband, Richard, we feel that our Real trading began, once we started regularly listening to Dave and reading his Chart Signals-
We are so grateful to be learning from such a Master of the Market!!
Wishing you, Scott and all of those who are fortunate enough to make it, the best of learning and laughing experience with Dave in San Francisco!
Thank you Dave, for all the you do and continue to do for so many of us..
Laney
Thank you Laney....
And I can't help but comment on the 1105 number that Peggy and Dave mentioned. It's five minutes before closing and the SPX is at 1105 now. Well, I did think as soon as he mentioned it last Friday that the markets would comply this week, as I'm pretty sure that "they" listen to his weekly wrap along with all of us!
Dave,
I know somehow you pushed the market up a point just so you wouldn't have to confess you can predict the future :-)
Thanks
Ron
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