BMO - ES +2.25 and NQ +4.00 futures are higher in pre-market trading pointing to a slightly higher open...after Friday's large gain bull flag bounce in the indexes and many individual stocks, price could move higher or pause and short term traders must be prepared for either...if prices pause watch Friday's S1 level as key short term support to let you know that Monday's action is likely the pause that refreshes...if price breaks the SPX 1,148 resistance, look for price to move towards the 1,170 resistance area...
TLT +1.05 and the EURO is up 5 pips in pre-market trading...
ISRG is gapping down in pre-market trading...More stocks are trading higher than lower in pre-market trading...
SPX
Resistance: 1,148, 1,170
Support: 1,130, 1,115, 1,100
Trading Down - NFLX, ATI, TBT, MHS, VECO, ISRG, ESRX, WYNN, PCAR, JBHT, AMZN, CTSH, RIMM, CELG, CHKP, TEVA
Trading Up - PCLN, TLT, VMW, ESI, FFIV, CMG, FDX, POT, UAUA, DE, V, CREE, DAM, URE, CRUS, ATW, AGU, X, CLF, MCD, GS, LVS, USO, GOOG, BICU, AAPL, MCHP, BBY, FSLR, EXPE, RYAAY, XLNX, GENX, AKAM, BRCM
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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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September
(42)
- SPX Breaks Resistance Before Closing Slightly Lowe...
- Futures Point to a Flat to Slightly Lower Open...
- SPX Forms Potential Hanging Man...
- Futures Point to a Flat Open...
- SPX Bounces Up From Friday's S2 Level...Closes at ...
- Futures Point to a Flat to Slightly Higher Open......
- SPX Pauses...Holds Above Friday's S1...
- Futures Point to a Slightly Higher Open...
- Bull Flag Bounce...I Hope You Got Yours Today...
- Futures Point to a Much Higher Open...Best of Succ...
- SPX Bull Flag Pull Back Day 3...
- Futures Point to a Lower Open...
- SPX in Bull Flag Pattern Above Horizontal Resistance
- Futures Point to a Lower Open...
- SPX Pauses and Holds Above Monday's S1....
- Futures Point to a Slightly Higher Open...
- SPX Breaks 1,130 Resistance Moves to 1,142
- Futures Point to a Higher Open...
- SPX on Touches 1,130 and Pulls Back...
- Futures Point to a Higher Open after RIMM Earnings...
- SPX Pauses at Resistance for Fourth Straight Day...
- Futures are Slightly Lower Pointing to a Flat to S...
- The Big Wedding Day Came and We Had an Amazing Tim...
- Futures Point to a Slightly Lower Open...
- The COMPQ and SOX Rise as the SPX Forms a Doji...
- Futures Point to a Flat to Lower Open...
- SPX Gains 1.11% as SPY Volume Increases 40%...
- Futures Point to a Higher Open...NFLX, PCLN, CLF, ...
- SPX Inches Higher...SPY Moves on Very Light Volume...
- Futures Point to a Higher Open...
- SPX Gaps Higher...Closes Up...But Below Open...
- Futures Point to a Higher Open...
- SPX Rallies After One Day Pull Back...
- Futures Point to a Higher Open...More Stocks Movin...
- SPX Breaks Low of the High Day...23% Fib Retraceme...
- Futures Point to a Lower Open...
- SPX...Three White Soldiers...Closes 1,104...Highes...
- Futures Point to a Higher Open...
- SPX Support Bounce Continuation...
- Futures Point to a Flat Opening...
- SPX Support Bounce...All 100 NDX Stock Move Higher...
- Futures Point to a Higher Open...
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September
(42)
2 comments:
Dave et al.
BIDU hit all my targets and I am out of the trade for a meger 430% gain.
I must admit I am disapointed to be out of the trade since it is so strong. Oh well, looking for the next entry.
Good trading to all.
Don
Hey Dave are you testing us. Your list for uptrending stocks - BICU = BIDU but I'm not sure what DAM or GENX are suppose to be. :) :) (darn keyboards anyway)
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