Thursday, December 16, 2010

Futures Point to a Flat to Higher Open...

BMO – ES +0.75 and NQ +3.25 futures are slightly higher in pre-market trading about 75 minutes before the open and point to a flat to slightly higher open…

TLT is up 23 cents and the Euro is up 21 pips…

Triple witching options expiration is tomorrow...December index futures finish trading at close today...expiration buying seems to be counterbalancing any major selloff...

Setup Charts to Watch
Bull Flag Setups – A, DOW, WLT, ATW, CREE, FFIV, SINA, BYI, VMW, AKS, SNDK, NETL, GME, USD, UNP, UNG, CAKE, AMD, CRUS, DHR, XLF, FAS, WFC, BAC, GS, STI, PNC, NYX, ZION
Horizontal Breakout – STLD, HSY, GR
MACD Divergence – LDK, TSL, JASO

SPX
Resistance: 1,241, 1,256
Support: 1,220, 1,209, 1,200

Quoting DownVRSN, SOHU, FDX, MA, FLS, NFLX, FCX, SLB, BIDU, MICC, LRCX, QGEN, QCOM, BMC

Trading UpPCLN, GOOG, WYNN, WHR, CMG, LVS, FFIV, JEC, VECO, PCP, GS, CRM, ICE, FAS, VMW, CREE, ATI, WLT, AKS, PNC, BAC, CRUS, URE, ATW, DLR, FFIV, JOYG, AAPL, INFY, RIMM, SBUX, AMZN, LIFE, NVDA, ESRX, ORCL

1 comment:

Anonymous said...

Thanks Dave for continued guidance! I hope you have a Merry Christmas!

Christy Gibas