Thursday, February 10, 2011

Futures Point to a Lower Open After Asian and European Selloff...

BMO – ES -7.25 and NQ -20.25 futures are lower about 30 minutes before the open in pre-market trading and point to a lower openthis following quarterly numbers from WFMI which is trading higher, CSCO and PEP which are trading lower…MA is also down big in pre-market trading…

TLT is down 25 cents and the Euro is down 117 pips in premarket trading reversing Wednesday’s gains and is still above old horizontal resistance, now new support…

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

Dave’s Insight for Thursday: If a trade exit appears…take it, according to your rules.

Continue to follow key earnings releases and the opportunities they create.

SPX
Resistance: 1,321, 1,330
Support: 1,311, 1,300, 1,281
Quoting DownMA, AKAM, ISRG, FFIV, GOOG, CSCO, NFLX, AAPL, CRM, POT, SINA, WLT, AGU, CLF, JEC, ICE, RVBD, SWKS, MCP, MOS, GS, DECK, CHL, IPI, SNDK, CRUS, SLW, URE, JNPR, FCX, VMW, SLB, NELT, FAS, DLR, CAT, X, HUM, NVDA, WHR, ZION, CIEN, DOW, TSL, GMCR, ARUN, JDSU, DE, LVS, FDX, SKX, TIE, PCP, CREE, PCX, X, FLIR, FSLR, WYNN, AMZN, ATVI, SHLD, CTRP, XLNX, LRCX, NTAP, CTSH, BIDU, BRCM, CTX, TEVA

Quoting UpWFMI, DISH, HAS, NIHD, FISV

Dave will be speaking with Tom tonight in Orlando...

4 comments:

TraderBobb said...

Dave:
You are "The Man"!
Thanks
Robert
CANI_212

clint elliott said...

The spx reminds me of an inflatable punch bag (with sand in the bottom). Whenever it gets punched, it pops right back up.

Brian McAllister said...

This is one of those days when an end-of-day sale rule for applying stops is very beneficial.

Anonymous said...

MA is down big? I see a bullish engulfing candle. Maybe only in pre-market it was down?

pharmboy