BMO – ES -5.25 and NQ -12.00 futures are lower 20 minutes before the open in pre-market trading and point to a lower open …
TLT is up 61 cents and the Euro is down 34 pips in premarket trading and is above horizontal resistance…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are lowher in pre-market trading… …
Earnings
Tue – ALTR, DD, AKS, JNJ, TRV, VZ, X
Wed – AMZN, MSFT, SNDK, KLAC, MMM, PG, T, F, RVBD, CRUS, GMCR, BMC, PCP, UAL
Thu – BA, CAT, CTXS, LRCX, NFLX, QCOM, SWK, UTX
Dave’s Insight for Tuesday: Continue to follow your rules. Determine if today’s early price action is price fluctuation or trend change and trade accordingly. Continue to follow key earnings releases and the opportunities they create.
Moves on Monday
Continuation - IBM, HPQ , MS
Resistance Breakout – NVDA, LDK, MYL, NDAQ
Bull Flag Bounce – DISH, DTV, SMH, SINA, MCP, GM, A, DE, NYX, INTC, XLNX, LLTC, FAS,
MACD Divergence Bounce – GME, HNZ
Setup Charts to Watch on Tuesday
Bull Flag Setups – HANS, F, UNP, HUM, UNG, PNC, BK, SID, FWLT, PCX, TIE, WLT, CLF, HSY, MHS, JOYG, AMD
Breakout –ACN, ESI
MACD Divergence – GES, HAS, NKE
SPX
Resistance: 1300
Support: 1,281, 1,256, 1,241
Quoting Down – VMW, GS, CRM, JEC, FCX, MA, CMG, WLT, CAM, CLF, X, CF, TSL, SLB, V, NTES, CHL, TBT, RVBD, DE, CSTR, FAS, CAT, LVS, ATI, UCO, SINA, GOOG, BIDU, FFIV, AAPL, ISRG, NFLX, PCLN, CHKP, AMZN, WFMI, CTXS, ADBE, CA, AKAM, NTAP, VOD, AMGN, FSLR, WYNN, HSIC, DLTR
2 comments:
Hey Dave,
Great Blog!! Been a reader for some time and really appreciate all you do to help make me/us all better! I've learned so much from you it is amazing! Thanks!
Trade on!
T
Todd
Dave - your blog just gets better all the time - very user friendly and the highlighting of key ideas and setups makes it really accessible with out getting lost. This week has some exciting setups, and your constant flow of a Veteran's bird's eye view of the markets is invaluable.
My natural tendency is to fade markets, and it hasn't worked out that well. Your crisp technical evaluations are making a difference, and i am gradually becoming more of a trend trader, which should be more profitable over the long haul.
thanks Mr D !
John R
San Francisco
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