BMO – ES -0.25 and NQ +1.00 futures are near even in pre-market trading about 20 minutes before the open and point to a flat to slightly higher open…
TLT is up 39 cents and the Euro is down 10 pips…
MA and V which sold off a Fed report limiting processing charges on debit transactions on Thursday are rebounding in pre-market trading…SPY is down following a $0.65276 quarterly dividend…
NDX leaders RIMM, PCLN, GOOG, BIDU, ORCL, NFLX, FFIV, AAPL and AMZN are higher in pre-market trading…
Setup Charts to Watch
Bull Flag Setups – RVBD, WLT, ATW, CREE, FFIV, SINA, BYI, VMW, SNDK, NETL, GME, USD, UNP, CAKE, AMD, CRUS, XLF, FAS, WFC, BAC, GS, STI, PNC, NYX, ZION, C, AGU, AKAM, ATI, CF, CLF, CSTR, DE, F, FCX, FLS, JEC, RMBS, SLB, SWK
Horizontal Breakout – GES
MACD Divergence – LDK, TSL, JASO, LVS
SPX
Resistance: 1,241, 1,256
Support: 1,220, 1,209, 1,200
Trading Down – NDAQ, DLR, CF, TVT, SLB, MICC, CHRW, CMCSA, CTXS, TEVA, ISRG, CTRIP, INTU
Trading Up – MA, PCLN, V, RIMM, GOOG, BIDU, ORCL, NFLX, FFIV, AAPL, ACN, VECO, CRM, CMG, DECK, LVS, WHR, GMCR, STI, X, GS, TLT, ZION, ATI, WLT, AKAM, WFMI, FCX, AGU, FAS, CREE, SNDK, A, FAS, A, PNC, AMZN, WYNN, JOYG, ESRX, AKAM, WFMI
1 comment:
Dave,
In my humble opinion (yes, it is an opinion) this week was a classic of "trade the charts...not your thoughts". You were "spot on" with your comment to be prepared for a roll over, and that comment still stands. I was prepared on Thursday morning, but I then traded the charts and am still "in" on many trades. Thanks for all the help.
Joe Gubbrud
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