Friday, August 13, 2010

Futures Point to a Flat Open...

ES and NQ futures are near even shortly before the open...Individual stocks are mixed on light volume in pre-market open trading...TLT is up 63 cents and the EURO is down 25 pips...

Moving Down:  SPG, SWN, CHL, WHR, IPI, BYI, URE, FFIV, CMG, GOOG, QCOM, MICC

Moving Up:  VECO, RMBS, MA, AGU, MOS, CRM, NFLX, CAT, VMW, DHR, POT, LXK, GS, CLF, X, ATW, DECK, BA, CREE, ADSK, BIDU, PCLN, WYNN, NTAP, KLAC, RYAAY, NVDA, MRVL

Stay with bearish trades that fail to break the high of the low day and follow rules for exiting those that bounce...

Watch stocks that made a new low day on Thursday for a potential bounce entry...

Support Bounce Setups for Friday: NYX, GS, DE, FLS, GES, GME, PCP, SWK, BUCY, FFIV, HAS, CRUS, GMCR, HLF, CAT, CRM, VMW, MCD, X, WMT, WLT, FCX, GR, URE, UNP, SPG, CLF, CMG, LXK, CAM, UAUA, CAL, TIE, DLR, UPS, FDX


NDX 100 Flags: MICC, CTSH, CTXS, INTU, QCOM, BIDU, EXPD, EXPE, JOYG, WYNN, GOOG, LOGI, ILMN, AMZN, HOLX

Other Bounce Setups: VOD, NTES, RVBD, SINA, NDAQ

As always follow your rules...

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