BMO – ES -1.25 and NQ +0.25 futures are mixed about 10minutes before the open in pre-market trading and point to a flat open…have stocks found short term support?
Tuesday, the ides of March did deliver an interesting day…if price found support and continues to shift back in the direction of the intermediate term up trend, it will be a key reversal day…
TLT is up 37 cents and the Euro is down 47 pips in premarket trading and is above new support at 1.3861…
NDX leaders NFLX, AMZN, BIDU and PCLN are higher, AAPL and GOOG are lower in pre-market trading…
Dave’s Insight for Wednesday: Follow your rules. Continue to enter ONLY when you see your signal…Look for support bounce and break, divergence and trend continuation signals…
SPX
Resistance: 1,300, 1,311, 1,321
Support: 1,281, 1,271, 1,256
Quoting Down – CHL, CMG, ICE, CAM, FAZ, ATI, LVS, HUM, MHS, JEC, NYX, FWLT, NDAQ, ZION, SHLD, AAPL, FSLR, EXPD, LRCX, NIHD, BIIB, GOOG, GILD, QGEN, AMGN, WYNN
3 comments:
Thanks Dave:
Robert
CANI_212
Dave,
I feel like a deer in the headlights. The trend is changing, my paperAccount is being drawn down, stops are triggering, long calls trend trades are under water and my portfolio heat is the temperature of the solar corona. It's NOT a good feeling.
Steven R.
Steven,
When it rains, I am sure you do like most people that put on a raincoat or bring out their umbrella.
So make a change, don't just stand in the rain, put on your trading raincoat and bring out your trading umbrella.
Remember, whether we make money or lose money in the papertrade account, we still learn the lesson.
Give yourself permission to change.
Dave
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