Monday, November 29, 2010

Futures Point to a Slightly Lower Open...

BMO - ES -4.00 and NQ -6.00 are lower in pre-market trading about 20 minutes before the open and point to a slightly lower open...

TLT is up 32 cents and the Euro is down 160 pips...

Stocks continue in consolidation trading between the Nov 16 low and th Nov 18 high on the SPX...We will watch the Nov 16 support low on AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM  for indication  of a break of support and a potential continuation move to the downside...

Trade with the trend of the chart you are trading...

SPX
Resistance: 1,200, 1,209, 1,220
Support: 1,190, 1,182, 1,170

Trading Down - MICC, CRM, MA, GES, GS, BA, HANS, MCD, A, CAT, URE, DOW, CLF, JEC, V, VMW, UNP, FCX, SLB, FFIV, NTES, CAM, GMCR, SNDK, STIL, X, TBT, CREE, MOS, HSIC, INFY, HOLX, VRTX, BMC, PCAR, VRSN, INTU, DTV, NTAP, MCHP, VOD, MXIM, SBUX, QCOM, MAT, CTXS, PCLN, EBAY, XLNX, BRCM

Trading Up - AMZN, CHKP, AAPL, CELG, NFLX, AKAM, FDX, DECK, ICE, NDAQ, DE, NETL, CMG, CSTR, CF, HLF, TLT, DLR, TSL, CTAS, FSLR, ISRG, BIDU, GOOG

1 comment:

CR said...

Thank you Dave - Hope you have a great week.