Wednesday, August 18, 2010

Futures Point to a Slightly Higher Open...

ES and NQ futures are higher with less than two hours until the open..stocks are mixed on light volume...TLT is up 18 cents.and the Euro is up 1 pip...


Trading Down:  NFLX, DE, CAT, USO, CREE
 
Trading Up:  POT, MOS, MHS, BUCY, MCD, UNP, VECO, AAPL, AMZN, RIMM
 
POT, MOS, AGU, IPI, PCLN, LVS, GR, CHL, CAM, VMW, CTXS, AKAM, CAT, CLF, DE, GME, GMCR, HLF, RVBD, MICC, QCOM, BIDU and JOYG and moved higher on Tuesday.


NFLX, NTES and VOD pulled back on Tuesday.

BUCY, CMG, CRM, DLR, FCX, FDX, FFIV, FLS, HAS, LXK, MCD, PCP, SPG, SWK, TIE, UNP, UPS, URE, WLT, WMT, X, AMZN, CTSH, INTU, EXPD, EXPE and GOOG gave support bounce or bull flag entry signals on Tuesday with a break above the high of the low day.

Support Bounce Setups for Wednesday: NYX, GS, GES, CRUS, UAUA, CAL, TIE, SINA, NDAQ

Stay focused on and trade according to the chart on Wednesday.  Follow your rules.

N100 Flags: WYNN, LOGI, ILMN, HOLX

Dave is teaching 160 traders Technical Analysis and Trading today in Orlando and will be traveling home this evening...

1 comment:

Anonymous said...

Good morning Dave (My #1 Coach)
We will miss you for sure . Have a safe trip home .Thanks again and again for all the posts on your blog.