Monday, January 24, 2011

Futures Point to a Slightly Higher Open...More Earnings Releases in Week 4...

BMO – ES +2.00 and NQ +2.75 futures are higher 40 minutes before the open in pre-market trading and point to a slightly higher open

TLT is down 19 cents and the Euro is down 11 pips in premarket trading and is above horizontal resistance which could lead to higher commodity prices

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

Earnings
Mon – AXP, MCD, VMW, ZION
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 Monday:  Follow your rules.  Buy where you’re supposed to buy and sell where you’re supposed to sell.

Setup Charts to Watch on Monday
Bull Flag Setups – MYL, DISH, DTV, XLNX, LLTC, NVDA, SMH, SINA, INTC, F, GM, A, DE, FAS, NDAQ, NYX, PNC, BK, SID, FWLT, LDK, MCP, PCX, TIE, WLT, CLF, UNP, HUM, HSY, MHS, JOYG, AMD
Breakout – UNG, IBM, ACN, ESI, HANS, HPQ, MS
MACD Divergence – GES, GME, HAS, NKE, HNZ

SPX
Resistance: 1,281, 1300
Support: 1,256, 1,241, 1,220

Quoting DownCRM, VECO, MCP, MCD, SOHU, ESI, BA, SINA, DECK, RVBD, SPG, NFLX, FFIV, PCLN, MICC

Quoting UpFSLR, ISRG, AMZN, BIDU, GOOG, AAPL, NVDA, PCP, MOS, DISH, FCX, MA, SLB, X, CMG, FDX, STI, LDK, HOLX, HUM, CAT, INFY, GENZ, NIHD, JOYG, VOD

1 comment:

Anonymous said...

Dave,

I'd like to ask, if you would please post the complete chart signals watch list?

I appreciate all the hard work you do to help us all be come great traders!

Thanks for all your help and guidance that has me continually learning and improving my trading. I am now able to filter out much of the noise.

Thanks again for all your efforts!
A grateful student / trader