Wednesday, April 21, 2010

Nasdaq Points to a Higher Open on Strength of AAPL...

BMO – ES -1.00 and NQ +10.50 futures are mixed in pre-market trading pointing to a higher Nasdaq open. AAPL +15.24, AMZN +1.45, GOOG +1.03 and BIDU +4.72 are higher in pre-market trading. INTC is up 5 cents, JPM up 19 cents, BAC up 8 cents, GE up 14 cents and GS is up 2.47.

Stocks are generally higher in pre-market trading lifted by technology stocks and positive earnings from AAPL. Look for a continuation of Tuesday's support bounce and bull flag bounce continuation.

The short term is did turn up on Tuesday and the intermediate term and long term trends are up.

Trade those charts that meet your rules in the direction of the trend.

Dave is teaching an AT Workshop to over 210 traders in Denver today.

Key Earnings to Watch:
Monday – AKS, BIIB, KO, FUQI, GS, IBM, RF, STT, STLD, ZION
Tuesday – ALGT, AAPL, BK, CREE, DAL, FCX, GILD, JNJ, MCD, MICC, MS, PCAR, UTS, WFC, YHOO
Wednesday – ABT, ALK, AMGN, T, BA, CTXS, DHR, EBAY, GENZ, GR, ESI, KEY, LRCX, NFLX, BTU, QCOM, SNDK, SBUX, TER, VZ, VRTX
Thursday – AMZN, AXP, BUCY, CAL, DECK, HON, MSFT, NUE, PEP, TRV, UNP
Friday – FLIR, SLB

XLE is up 3 cents in pre-market trading.

SPY is up 5 cents in pre-market trading. XLF is up 2 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 = 1,200, 1,178
Resistance = 1,216, 1,220

Trading Down: CREE, WFC, V, TSL, ZION

Trading Up: GS, NFLX, MELI, SNDK, USD, MCD, ATI, GMCR, BA, FAS, FCX, BUCY, AGU, ALGT, FCX, SWN, SPG, MHS, DE, POT, MOS, UYG, UAUA, CAT, X, URE
At the Open on Wednesday
SPY –
QQQQ –
FAS –
X –
ADBE –
BBY –
QCOM –
POT –
CREE –
UAUA –
SNDK –
AAPL –
ALGT –
NFLX –
RIMM –
SHLD –
BUCY –
BA –
DOW –
DE –
FCX –
WHR –
ZION –
GMCR –
AGU –
IPI –
DHR –
V –
NVDA –
AMD –
PCLN –
DECK –
CAT –
PCP –
UNP –
CLF –

2 comments:

Anonymous said...

Dave, Thanks to your repetition, I am quickly (read finally) learning the value of "re-entry rules" after getting stopped-out!
Ex: SWK, JOYG, DHR, LM, ANF, SNDK & AXP...
Much gratitude for your patience & sacrifices to "bring it"!!
Oh, & hurry home, safely!
Scott L of Nashville

Judy said...

looks like UNG is consolidating at a support level. does it mean something?