Monday, September 13, 2010

Futures Point to a Higher Open...NFLX, PCLN, CLF, GDX, GS, CLF, X, CHL, WHR, WLFT Higher

BMO - ES +8.75 and NQ +14.00 futures are trading higher almost two hours before the open pointing to a higher open...look for the SPX moving towards its 1,130 resistance and trend continuation on Monday....the EURO is up 100 pips...

SPX
Resistance: 1,115, 1,130
Support: 1,100, 1,086, 1,071

Trend Continuation Stocks for Monday – CMG, FCX, SWK, NFLX, AGU, VMW, GMCR, LVS, CRM, RVBD, BUCY, JOYG, DE, SPG, UNP, WLT, CERN, NYX, CLF, HANS, FFIV

Look at these Charts
(click image to enlarge)

Also check out Breakout Setups for Monday in our Friday post...
Trading Down - VMW, FAZ
 
Trading Up - NFLX, PCLN, FCX, CLF, CHL, GS, FAS, X, WLT, CAT, WHR, AGU, DE, MA, POT, TBT, LVS, ZION, TSL, CREE, BAC, CRUS, MCD, NYX, GOOG, AAPL, BIDU, FSLR, AMZN, EXPE, EBAY, INTU, MSFT, RIMM, CMCSA, CSCO, PAYX
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2 comments:

Anonymous said...

Dave,

When comparing VMW to COMPQ and NDX for the last few days, VMW appears a bit weak. Is this a sign that maybe institutions are taking a break from buying VMW?

Your wisdom would be appreciated.

Thanks
DW

September 13, 2010 at 1:10 PM
Anonymous said...

I'm just curious, how is it calculated, like this morning, when the ES-futuress are indicating a gap-up at the open on the SPX, is it calculated?
Do market-makers start calculating certain stocks that may warrant a higher bid to draw-in sellers & that determines where the overall SPX might then open?
Thanks, Scott L of Nashville

September 13, 2010 at 3:39 PM

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