BMO - ES -3.25 and NQ -5.50 futures are slightly lower about 90 minutes before the open pointing to a slightly lower open...After Thursday's strong move up Friday is the high day for short term traders that look to the break of the low of the high day as a potential exit area...
TLT is up 26 cents, the Euro is down 146 pips and Financials are down 5 cents...
SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190
Key short term support is 1,209 - 1,210 which is also Thursday's S1 level...
Quoting Down - PCP, BA, NTES, CAM, ATW, GR, NFLX,FLS, CF, FCX, SWN, PNC, FAS, FDX, GOOG, DISH, CTXS, AAPL, ISRG, RIMM, WCRX, CELG, FSLR, GILD, GENZ, ORCL, ALTR, ROST
Quoting Up - MA, UNP, CREE, PCLN, TLT, BYI, BAC, MCHP, AMZN, CTSH, YHOO, INTC, WYNN, JOYG, KLAC
Monday, November 8, 2010
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Good morning DAVE! Thanks again for the extensive Friday post. Went to an investment group meeting on Saturday. One of the women gave a presentation on Bullish Gap Trading that she learned at the 4-Day workshop you taught. Thanks for the ripple effect. I am now working on paper trading the strategy and know the market will still be there when I am ready to go live. Still doing well in my live trading of my 401(K). Thanks for making my trading better all the time. Have a great trading week. Judy
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