Thursday, December 9, 2010

Futures Point to a Slightly Higher Open...

BMO - ES +3.50 and NQ +5.25 are higher almost in pre-market trading almost two hours before the open and point to a slightly higher open...

TLT is down 20 cents and the Euro is down 58 pips...

XLF Wednesday's strongest sector is quoting up +0.62% although no trades have occured almost 90 minutes before the open...if Financials are stronger on the day look for the SPX to stay above recent resistance...

SPX
Resistance: 1,220, 1,241, 1,256
Support: 1,209, 1,200, 1,190

Quoting DownESI, NFLX, MA, ICE, LXK, NTES, CF, PCP, TLT, ARUN, ALTR, GILD, SBUX, PAYX, ADP, LOGI, CTSH, LRCX, XRAY

Quoting UpPCLN, TEVA, AAPL, AMZN, ATI, CRM, POT, FCX, CMG, GS, MCD, CAT, SOHU, FDX, VECO, CSTR, AKS, WHR, LVS, VMW, FAS, X, BA, SNDK, WFMI, AKAM, VRTX, GOOG, BIDU, JOYG, PDCL, WYNN, ADBE, GRMN, SNDK, APOL

1 comment:

Judy said...

Good morning DAVE! Looks like the trend is UP! Again! Thanks for all the encouragement not to follow the news, but to follow the trend. It has been fun to watch the SPX support and resistance levels creeping up and breaking through old resistance. I appreciate your guidance in that regard. Have a great trading day! Judy