Wednesday, November 24, 2010

Futures Point to a Flat to Slightly Higher Open...

BMO - ES +3.50 and NQ +5.00 are higher in pre-market trading about 75 minutes before the open and point to a slightly higher open...

TLT is down 37 cents and the Euro is down 30 pips...

Expect volume to be lighter and to taper off dramatically around mid-day...watch the support levels on the  big seven AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM...

SPX
Resistance: 1,182, 1,190, 1,200
Support: 1,170, 1,148, 1,130

Quoting Down - DE, UNP, CF, TLT, HAS, SLB, NTES, AKAM, SINA, ISRG, SHLD, FISV, NTAP, GENZ, VOD, BRCM

Quoting Up - PCLN, GOOG, AMZN, AAPL, BIDU, WYNN, GES, MA, CMG, FFIV, NFLX, SWN, DECK, VMW, CRM, LVS, FCX, MHS, CAT, CLF, JEC, BA, CREE, TBT, FAS, V, F, GILD, URBN, BIIB, ORCL, RIMM, QCOM, COST, ESRX, EBAY

4 comments:

Anonymous said...

Dave, NO ONE, repeat, no one can call the bullish bounces like you do!
And I watch the chats during capstones & I notice that particularly, new students do not yet realize that if you're talking about some detail, that that detail is important. And when you're not talking about some detail, that it's likely "less important" for the moment.
Lastly, I am personally, thankful for the personal & professional sacrifices that you make to be our/my coach & mentor! Have a wonderful & safe holiday Dave & Everyone!!
Scott L of Nashville

Judy said...

HAPPY THANKSGIVING DAVE! I totally agree with Scott L of Nashville. Your trading skills are amazing. Thanks for all you do! Enjoy, Judy

Gary said...

Dave,

Happy Thanksgiving to you and your family!

Dave Johnson said...

Scott, Judy and Gary,

Thank you and Happy Thanksgiving to each of you.

Did you notice on your three comments that Scott's is 13 lines, Judy's is 3 lines and Gary's is 1 line. All Fibonacci numbers.

Everything, even these comments are here to make us better traders.

Dave