Day 4...Futures Point to a Higher Open...

Would you like to improve your trading in 2011?

Take the opportunity to read the January 1 post, if you have not already done so, and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out…

BMO – ES +4.00 and NQ +7.50 futures are higher about 60 minutes before the open in pre-market trading and point to higher open…stocks are mixed on relatively light pre-market volume…Wait for the open and watch for entry/exit signals according to your rules…

TLT is up 22 cents and the Euro is down 55 pips in premarket trading…this could mean lower prices on commodities gold, oil, etc…

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

Dave’s Insight for Thursday:  Follow your rules, stay with the trend and manage your profits by adjusting stops as price move higher…

Setup Charts to Watch

Bull Flag Setups – RMBS, JEC ZION, NDAQ, AGU, URE, GME, FLS, FCX, AIV, SLB, AZO, IPI, GES, ICE, DECK, HSY

Horizontal Breakout – V, NETL, SNDK, ILMN, LVS, SINA, NTAP, AKS, UNG, X, PNC, WHR

MACD Divergence – CMG, CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups –ACN, SKX

Horizontal Support Breakout – TBT

SPX

Resistance: 1,281, 1300

Support: 1,256, 1,241, 1,220

Quoting Down – FCX, MCP, A, RIMM, URBN, NFLX, CHKP

Quoting Up – CMG, CRM, POT, CLF, MA, GS, AGU, VECO, SOHU, SINA, SWN, PCX, RVBD, CAT, FAS, DE, FLS, FDX, ATW, MCD, MOS, AAPL, PCLN, FFIV, GOOG, WYNN, BIDU, NTAP, CTSH