Wednesday, October 20, 2010

Futures Point to a Higher Open...

BMO - ES +5.25 NQ +12.00 futures are higher about 90 minutes before the open and point to a higher open....
Bonds are flat and the Euro is up 111 pips...

We will watch if Wednesday's price action stays below Tuesday's high...

Bull Flag Patterns to Watch on WednesdayHLF, AGU, LVS, SINA, VOD, AIV, DOW, WLT, HAS, IPI, FLS, PCLN, DE, JEC, GES, AMX, USD, HSY, FDX, ATI, DECK, UCO, SPG, HANS, MOS, VECO, TBT, WFMI

Bull Flag Patterns with Pending Earnings
Oct 20 – BA, SWK
Oct 21 – CMG, DHR, FCX, GR, HSY, MCD, SNDK, UAL, UNP, UPS

SPX
Resistance: 1,170, 1,182, 1,190
Support: 1,148, 1,130

Quoting Down - ISRG, APOL, SBUX, NTAP, CREE, POT, VECO, VMW, FFIV, AGU, MCD, WHR, LXK, UNP, UPS, HAS
 
Quoting Up - GOOG, BIDU, NIHD, GILD, LIFE, ALTR, EXPE, FCX, BA, GS, CLF, MOS, URE, CRM, TS, LVS, MA, X, SKX, DECK, AIV, USO, RVBD, VOD, TBT, TIE, FAS

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