Friday, February 11, 2011

Futures Point to a Lower Open...

BMO – ES -4.00 and NQ -4.00 futures are lower about 30 minutes before the open in pre-market trading and point to a lower open…

CMG is gapping down -9.29 following earnings…
TLT is up 90 cents and the Euro is down 72 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area...

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

Dave’s Insight for Friday: Today completes Week 6. Follow your rules on entry, moving stops and exits. Evaluate your results compared to the indexes and your goal.

SPX
Resistance: 1,321, 1,330
Support: 1,311, 1,300, 1,281

Quoting Down – CMG, EXPE, PCLN, GOOG, CEPH, SHLD, MCP, TBT, CHL, MOS, WLT, SNDK, RVBD, FDX,NYX, V, UNP, FWLT, CAT, SLB, ATI, CRM, FCX, UAL, JNPR, HUM, CREE, CTXS, ROST, FLIR, AMZN, KLAC, ESRX

Quoting Up – NFLX, BIDU, MICC, AAPL, POT, TLT, HSY, JDSU, SINA, HANS, WHR, AKAM, FSLR, MSFT
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1 comment:

Anonymous said...

Dave,

Thank you for your teachings. I am doing a better job of analyzing my responses to over-all market and individual chart activity. Taking, "Oh, no! Everything is going down!" out of my initial reaction and putting in rational response is difficult. Your admonition to read the individual chart that I am trading is very helpful! And to _not_ anticipate the direction the chart will take based upon a very limited understanding of initial earnings reports and the like... Thank you for your perseverance with your fledglings. I am doing much better under your systematic approach.

Thank you,

Kathy :)

February 11, 2011 at 9:08 AM

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