SPX and NDX futures are higher as is the Euro in pre-market trading.
Stocks trading up: SKX, PCLN, CRM, HSY GS, CSTR, CMG, CTXS, GENZ, CELG, GOOG, ESRX, LOGI, AMZN, LRCX
Stocks trading down: AKAM, SYMC, ADP, FLS, NETL
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................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
Dave Johnson, CMT
- Dave Johnson
- David Johnson, CMT Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events. Email: chartsignals@yahoo.com
Blog Archive
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2010
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July
(36)
- SPX Forms Hammer in Bull Flag at 1,100 Support...
- Futures Point to a Lower Open...
- SPX Breaks 1,100 Then Rallies to Close Just Above....
- Futures Point to a Higher Open...Euro up 94 pips...
- SPX Forms Evening Star from Higher High Above its ...
- SPX Holds...Forms Spinning Top...Potential Evening...
- Futures Point to a Higher Open...
- SPX Breakout Confirmed...
- SPX Closes Higher...Above 30 and 50 DMA...
- Just Before the Close on Friday...Coming The Shake...
- SPX Opens Higher and Closes Lower After Bernanke S...
- Futures Point to a Higher Open Following AAPL Earn...
- Surprise...SPX Support Bounce Bullish Engulfing......
- Futures Point to a Lower Open After IBM, TXN and G...
- SPX Forms Bullish Harami as Closes Lower...
- Futures Point to a Higher Open...
- Yellow Alert Turns to Red...SPX Moves Lower...
- Futures Point to a Lower Open...
- SPX Rallies From Pull Back...Closer Slightly Highe...
- SPX Holds After INTC Pulls Back...
- Futures Point to a Higher Open Following Strong Gu...
- SPX Rises Prior to Strong Earnings from INTC...
- Futures Point to a Higher Open Following AA, CSX a...
- SPX in Balance Prior to Positive Earnings from AA...
- Futures Point to a Flat Open...
- SPX Support Bounce Continues with Higher Close Abo...
- Futres Point to a Flat to Slightly Lower Open...
- SPX Stays Above S1...Moves Higher...
- Futures Point to a Slightly Higher Open...
- SPX Breaks High of the Low Day...in a Big Way...Ha...
- Futures Point to a Flat Open...
- Opening Gap Fills...SPX Closes Up 5 Points...
- Futures Point to a Higher Open and a Potential Bre...
- SPX Support Holds...Does Not Confirm Hammer...
- Futures Up Slightly After Mixed Jobs Report...Set ...
- SPX Bounces at 38.2 % Fibonacci...Is it Hammer Time?
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July
(36)
6 comments:
What does reviewing the futures before market open prepare you for? Is it just for gaps up or down? How does this help the active trader?
Thanks Dave for your comments/questions about the yellow alert. I WAS pondering the yellow alert all day yesterday and wondering if Dave is trying to tell me something? I will stay on alert for either direction although I am all bullish at this time. Thanks for keeping me on my toes.
Judy
Judy
Thank you for your insights. As always they are powerful. I have been following your teachings on Investools for the last few months (saw you in Colorado too) and I think this stuff is finally starting to sink in. I did well on the recent rally and was out when we were peaking. I got the message that we hadn't broken the next support level last night. This is my next area for learning. I'm not sure when to get back in. Now the SPX has drawn down below 1100. I'm feeling hesitant to jump in yet on the downside though. Do you have guidance?
Anon,
It prepares me for the open...It will depend on the specific trading techniques of the Active Trader if it helps or not.
Cheers,
Dave
Judy,
You're welcome. You are bullish at this time, does that mean the stocks you are trading are in up trends or does it mean something else?
Cheers,
Dave
Anon,
The recent trend is up and if you don't have rules to trade the counter trend it is best not to "jump in...on the downside" until you do. My guidance would wait for a support bounce, which could occur as soon as tomorrow, and then follow your rules just like you did on the last short term move up.
Cheers,
Dave
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