Monday, March 14, 2011

Futures are Lower in Pre-market Trading and Point to a Lower Open...

BMO – ES -9.25 and NQ -18.50 futures are lower about 25 minutes before the open in pre-market trading and point to a lower open…more stocks are down than up in pre-market trading…

TLT is down 37 cents and the Euro is down 10 pips in premarket trading and is above new support at 1.3861…

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

UNG is higher on heavy volume…Solar stocks FSLR, TSL and LDK are heating up in pre-market trading…Steel stocks X and AKS are also strong…

Dave’s Insight for Monday:  Continue to be prepared for a break of support.   Continue to follow your rules, look for breakouts up or down, support bounce and divergence entries and continue to enter ONLY when you see your signal

SPX
Resistance: 1,300, 1,311, 1,321
Support: 1,281, 1,271, 1,256

Quoting DownPCLN, GOOG, WYNN, CTSH, NFLX, AMZN, CHKP, FFIV, URE, JEC, TIF, VMW, SLB, UCO, CRM, LVS, MCP, SWKS, MOS, GS, RVBD, VECO, DOW, FAS, V, CLF, CHL, JNPR, CRUS, NYX, CSTR, DE, TLT, ATW, SLW, CMG, WFMI, ESRX, JOYG, QCOM, BIDU, EBAY, DTV, NTAP, VOD, RIMM, QGEN, TEVA, SBUX

Quoting UpFSLR, AAPL, TSL, CAT, FAZ, JDSU, X, LDK, SNDK, SINA, UNG, SWN, TBT, ROST, MICC, XLNX, MU, NVDA

1 comment:

Anonymous said...

Dave,
Didn't read your post on Friday. Thank God your family is well in Japan.