Thursday, December 30, 2010

Futures Point to a Flat to Mixed Open...

BMO – ES -1.00 and NQ +1.00 futures are mixed about 60 minutes before the open in pre-market trading and point to a flat to slightly lower open…

TLT is down 53 cents and the Euro is up 60 pips in premarket trading

NDX leaders GOOG, AMZN, NFLX and PCLN are slightly higher in pre-market trading…

Setup Charts to Watch
Bull Flag Setups – X, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, GES, WYNN, AMD, CREE, NETL, USD, CRUS
Horizontal Breakout – PNC, AZO, IPI, UNG, VMW, NYX, WHR, GS, ICE, AIV, C, SLB, DOW
MACD Divergence – NFLX, CSTR, AKAM, BIDU, LDK,
Bear Flag Setups – SKX
Horizontal Support Breakout – TBT, CAKE, LDK

SPX
Resistance: 1,256, 1,281
Support: 1,241, 1,220, 1,209

The volume is very light in pre-market trading about 60 minutes before the open…

Quoting DownWLT, TLT, MA, SLB, NTES, LVS, URE, CTSH, VOD

Quoting UpFCX, CMG, POT, TBT, CRM, A, UAL, SWN, FDX, DE, VMW, GOOG, AMZN, ISRG, JOYG, TEVA, QCOM, NFLX, CEPH, CTXS, PCLN

2 comments:

Anonymous said...

Dave,

Thank you for your blog! I read it regularly, and it is very helpful!!

We really enjoyed your version of "Night Before Christmas", too! :)

Kathy :)

Judy said...

Greetings DAVE! Thanks for your blog again. I checked all of the charts that you noted on your blog. In wonder if tomorrow will be the same. Well, once again! Happy Trading in the Happy New Year. Judy