Wednesday, December 8, 2010

Futures Point to a Flat Opening...

BMO - ES -0.75 and NQ +2.50 are mixed less than two hours before the open and point to a flat to slightly higer open...

TLT is down 38 cents and the Euro is down 57 pips...

Potential Setups
Bull Flag Setups – CMG, FDX, HANS, ICE, RMBS, SKX
Horizontal Breakout – ATW, CRM, CSTR, GR, UNG, CRUS, CF, AIV, VMW, AKA, AMD, AKS, A, DHR, PNC, TBT, UCO, SWK, WHR, SOHU
Potential MACD Divergence - HSY
Bear Flag Setups – GOOG, NTRI


SPX
Resistance: 1,220, 1,241, 1,256
Support: 1,209, 1,200, 1,190
Quoting Down – NFLX, PCLN, FCX, VMW, CAT, CREE, CMG, CHL, TLT, MA, FDX, DOW, V, CLF, SNDK, RVBD, X, WLT, WHR, EXPD, GOOG, CHRW, URBN, WCRX, SNDK, VRSN, LRCX

Quoting Up – JOYG, AMX, CRM, SOHU, CF, ESI, IPI, UNP, HLF, PCP, ATI, NTES, GES, TBT, SPG, GRMN, DTV, FWLT, SHLD, ILMN, AAPL, CERN, CELG, MICC, ISRG, LLTC, ORCL

3 comments:

Anonymous said...

Dave, Thank you for all you do, especially, The Potential Set-ups section!
Scott L of Nashville

Anonymous said...

I too am glad to see the technical setups. As a member of the 4 day live, I know exactly what to do.
thanks again for all you do

Judy said...

Good Morning DAVE! Thanks for the post. I agree with the others, the technical setups are much appreciated. It is almost like taking a mini class to show what each set up type looks like. I also really appreciate your Quoting Up and Down lists for the day from your watchlist. This is helpful for me as well. Have a great day! Judy Gunn