Monday, February 14, 2011

Futures Point to a Flat to Slightly Lower Open...

BMO – ES -1.00 and NQ -0.75 futures are just below even about 20 minutes before the open in pre-market trading and point to a flat to lower open

TLT is down 29 cents and the Euro is down 63 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area

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

Dave’s Insight for Monday: After Friday’s strong move up, adjust your trailing stops according to your rules while staying the trend.  Continue to determine the difference between price fluctuation and trend change.

SPX
Resistance: 1,330, 1,338
Support: 1,321, 1,311, 1,300

Quoting DownFSLR, CTRP, CMG, GMCR, CSTR, RVBD, VECO, GME, GS, TSL, PNC, DOW, SLB, CREE, TIE, MOS, JOYG, MICC, INTU, CEPH, SHLD, WYNN, HSIC, LIFE, CMCSA, ISRG, ORCL, AMZN

Quoting UpNFLX, PCLN, BIDU, VRTX, WLT, POT, NTES, FCX, WHR, CLF,  HOLX, CAM, AGU, CIEN, A, SLW, MCP, DE, DECK, UNP, ATW, BA, SWKS, JNPR, NDAQ, ARUN, SNDK, INFY, ORLY, VRSN, KLAC, BRCM, QCOM, NTAP, SBUX, AKAM, LINTA, APOL, MU

1 comment:

Peggy said...

Good Morning Dave,
Congrats on your virtual CRM trade. On the trade grid the 120 strike is no longer even there! Worthless and full profit potential maximized! You da man!
Missed you on market wrap, hope your trip went well!
Have a great week!
Peggy