Monday, October 18, 2010

Futures Point to a Lower Open...

ES -6.50 and NQ -5.50 are lower about 90 minutes before the open and point to a lower open...The big event on Monday after the close will be AAPL earnings which is likely the next big catalyst for movement in the direction of the up trend or in the direction of a potential pull back...

TLT is up 48 cents and the EURO is down 888 pips...

Financials were once again holding the broader SPX back on Thursday and Friday, while leading tech stocks GOOG, AAPL, AMZN and PCLN were taking the NDX and COMPQ higher...

Watch key support and reistance levels for a break in either direction...

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

Pre-market trading is very light volume 90 minutes before the open...

Quoting Lower - POT, FCX, PCLN, BUCY, WLT, PCP, TBT, NYX, CHL, GMCR, NIHD, MICC, GOOG, ALTR, CEPH, ILMN, LIFE, MRVL, COST, TEVA, KLAC, ORLY, ESRX

Quoting Higher - AAPL, STX, APOL, BIDU, QCOM, HLF, VMW, MA, TLT, MCD, GS, DLR

1 comment:

Anonymous said...

Dave,

Just wanted to take a minute to thank you for taking the time to post this blog twice a day. I find it very valuable, and it is greatly appreciated.

A grateful student