Monday, August 9, 2010

Stocks Open Higher...

The SPX opens higher as futures move higher over night.  Friday becomes a low day on many charts and today can be a break above the high of the low day for potential re-entry signals.  Also the SPX could break above last Wednesday's high of 1,128.75.

Early leaders include WLT, ESI, UAUA, MCD, GMCR, A, WFMI, DECK, HAS, HLF, V, GES, ZION,CHL, DOW, LXK, CRUS, LINTA, EBAY, CSCO, URBN, EXPE, BIDU, QCOM, NIHD, ROST, CHRW, SBUX, MICC

Follow your rules in any trading today and be logical.

See you in the Monday night AT webcast this evening...

12 comments:

CR said...

Welcome back Dave - looking forward to tonight's capstone

Anonymous said...

Glad you're back, Dave!

Anonymous said...

HOORAY FOR DAVE, WELCOME BACK COACH, WE MISSED YOU IN USA.............

Anonymous said...

Oh my God...Can't wait...

Unknown said...

Welcome back Dave - looking forward to tonights capstone - missed you!

Anonymous said...

Dave, this quote from a major financial news website made me smile and think of you.

"While investment strategists generally expect US equities to close out 2010 in negative territory with a likely rebound early next year, most also say the market between now and December 31 remains too unpredictable to forecast with any confidence."

Anonymous said...

Whoohoo! Welcome back Dave! We miss you! Looking forward to ATA captone tonight! :-)

Sarafina

CE Webster said...

Glad that you are back. Looking forward to this evenings capstone.

Unknown said...

Dave, welcome back!! Hope your vacation was wonderful!! Can't wait to hear your "WOW" (words of wisdom) tonight in the ATA capstone!!

All the best Dave!!
Mishel

Dave Johnson said...

CR, Susan, CE, Mishel and others,

Thank you its good to be back in the rooms.

Cheers,

Dave

Dave Johnson said...

Anon,

This quote is like ones I have read and talked about for 33 years. It communicates the literal absurdity that next year and the end of year negative territory are clearly knowable, but that everything else between now and Dec. 31 is not knowable.
How is it even logical that the distant future is knowable but the closer future is not?

Why individuals who write this type of nonsensical balderdash are able to stay employed is unbelievable.

Thanks for sharing.

Dave

Unknown said...

How can I see the webcasts?