Wednesday, November 10, 2010

Futures Point to a Flat to Lower Open...

BMO ES -1.25 and NQ -1.00 futures are lower about 90 minutes minutes before the open and point to a flat to lower open...with the SPX and many stock charts closing below the low of the high day traders should follow their rules for exiting short term bullish trades...also be aware of the beginning of a counter trend down move at this time...

TLT is down 30 cents and the Euro is up 7 pips in pre-market trading...

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Quoting Down - BA, LVS, WLT, CMG, NFLX, FLS, BYI, SPG, GS, POT, FFIV, PCLN, TLT, CRM, CREE, BUCY, VMW, WHR, X, NDAQ, ISIRG, GOOG, LOGI, FSLR, INTU, AKAM, BIIB, AMZN, APOL, PCLN, WYNN, URBN

Quoting Up - UNP, ATI, PNC, DE, MA, SOHU, NYX, LXK, RVBD, MHS, FDX, SNDK, ILMN, CEPH, ROST, KLAC, SBUX, ADP, ALTR, IACI, CERN, ORLY, AMGN, TEVA, FLIR

3 comments:

Judy said...

Good morning DAVE! Thanks for the alert regarding a possible counter trend starting. The trend seems to have been flat to up for so long. Thanks for the wake up! Have a great rest of the week! Judy

CR said...

Have a great finish to the week and week end Dave and everyone.

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