Wednesday, December 29, 2010

Futures Point to a Slightly Higher Open...


ALERT - Dave will sub in Virtual Coaching Options today at 1 pm ET until 3pm...this is a last minute sub...if you would like to join...Tell your friends on Skype...



BMO – ES +1.25 and NQ +4.25 futures are higher in pre-market trading and point to a slightly higher open…

TLT is up 3 cents and the Euro is up 25 pips in premarket trading

NDX leaders AAPL, AMZN, BIDU, NFLX and GOOG are higher in pre-market trading…

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

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

There is little to no volume in pre-market trading about 60 minutes before the open…

Quoting DownGR, MA, ZION, FCX, POT, FLS, ARUN, SOHU, PCLN, MICC, PAYX, ISRG, CTSH, VOD

Quoting UpGOOG, NFLX, AMZN, BIDU, ILMN, TEVA, GILD, DLTR, AAPL, CMG, SLB, HANS INFA, AGU, CAM, IPI, MHS, WCRX

3 comments:

Judy said...

Good Morning DAVE! Thanks again for your posts over the past year--I just learned about your blog last year about this time. Your insights have been extremely valuable to me. I appreciate all the stocks to watch that you share daily, and your vision. There is so much to watch and know. I appreciate your daily reminders of what might be important. Have a great day and rest of the year. It has been a good one. Judy

Anonymous said...

Hi Dave,I want to tell you how helpful your setup charts to watch is for me. We can learn to see as an expert trader sees setups. Not just the "classic(textbook) setups" but those more nuanced that many times the market presents.
Like many, many others, I want to thank you for your dedication and all you do for all of us.
I wish for you and your family the best in the year ahead.
Another fan of the David J Club,
Tom Cunningham

Scott Avery said...

Dave,

Thanks again this end of year. Your blog becomes more and more sophisticated and more valuable to us "mentories" each day. Today I looked at each one of your "4 day type" setups (flags...divergence etc.) and saw that most of them I would have seen, BUT not all. It's so helpful. God Bless....