Thursday, February 17, 2011

Futures Point to a Lower Open...CLF Gaps Up...

BMO – ES -2.75 and NQ -4.50 futures lower about 20 minutes before the open in pre-market trading and point to a lower open

TLT is up 36 cents and the Euro is up 18 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area

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

Dave’s Insight for Thursday: Keep following your rules.  Options expiration is this Friday.

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

Quoting DownSKX, NVDA, CMG, GS, CRM, CAT, POT, VMW, MOS, A, CAM, CHL, CRUS, FAS, SOHU, SLB, TBT, STI, AAPL, NTAP, NLFX, AMZN, FFIV, CTXS, GOOG, LIFE, KLAC

Quoting UpCLF, MA, WLT, MCP, HLF, NTES, CSTR, JEC, DE, SWKS, SLW, TLT, CREE, LVS, JOYG, PCLN, WYNN, NIHD

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