BMO – ES +6.00 and NQ +7.25 futures are higher in pre-market trading pointing to a higher open. AAPL +0.70, AMZN +0.40, GOOG +2.07 and BIDU +0.53 are higher in pre-market trading.
The news this morning is DE +4.23, 8.03% in pre-market trading, which reported 57 cents EPS vs. estimates of 19 cents.
The Euro is down 24 pips in overnight trading. Oil is quoting up 55 cents in electronic trading. XLE is up 27 cents in pre-market trading.
SPY is up 64 cents in pre-market trading. XLF is up 11 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.
Follow your rules in any trading actions today. Be logical.
SPX
Support = 1,087…1,082…1,075
Resistance = 1,106 - 1,117
Trading Down:
Trading Up: DE, POT, FAS, SNDK, CAT, SWN, GS, BUCY, PCLN, JEC, MOS, AGU, FCX, CHL, MCD, X
Look at these Charts…
(click image to enlarge)
At the Open on Wednesday
SPY –
QQQQ –
FAS –
BA –
IPI –
CF –
DOW –
UAUA –
X –
ALGT –
ALTR –
GMCR –
SHLD –
CREE –
STX –
ZION –
STT –
RIMM –
BUCY –
DHR –
V –
NVDA –
WHR –
AMD –
PCLN –
DECK –
NFLX –
CAT –
DE –
PCP –
UNP –
STLD –
AMLN –
POT –
AGU –
ACN –
At the Open on Wednesday
SPY –
QQQQ –
FAS –
BA –
IPI –
CF –
DOW –
UAUA –
X –
ALGT –
ALTR –
GMCR –
SHLD –
CREE –
STX –
ZION –
STT –
RIMM –
BUCY –
DHR –
V –
NVDA –
WHR –
AMD –
PCLN –
DECK –
NFLX –
CAT –
DE –
PCP –
UNP –
STLD –
AMLN –
POT –
AGU –
ACN –
2 comments:
Hi Dave, Great discussion this morning in ATA Trading Room and Virtual Coaching. Loved the way you "hammered" out (pun intended) the important findings on the chart!......all of them! I really needed your "straight talk," technical expertise today! Thanks so much!
Mishel
Mishel,
You're welcome!
Dave
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