I'll see you in the Stocks trading room this morning and the AT trading room (formerly Active Investor Talk) this evening...
BMO – ES -1.00 and NQ -1.00 futures are near even about 70 minutes before the open in pre-market trading and point to a flat open… so far this morning volume is very light and a similar number of stocks are quoting up and down in pre-market trading…it looks as if quarter ending window dressing has pushed the market back to recent highs and on Wednesday the SPX actually reached its March 3 high near 1,332 and then pulled back 3 points …
BMO – ES -1.00 and NQ -1.00 futures are near even about 70 minutes before the open in pre-market trading and point to a flat open… so far this morning volume is very light and a similar number of stocks are quoting up and down in pre-market trading…it looks as if quarter ending window dressing has pushed the market back to recent highs and on Wednesday the SPX actually reached its March 3 high near 1,332 and then pulled back 3 points …
TLT is up 12 cents and the Euro is above the 1.4036 resistance area and up 78 pips in premarket trading…
NDX leaders AMZN, GOOG and NFLX are higher in pre-market trading...…AAPL and BIDU are lower...
Dave’s Insight for Thursday: Continue to follow your rules. The short term trend is still up…the SPX is near its resistance and yearly high…at resistance price can pull back as it did slightly on Wednesday or break out…stay with the trend while being prepared for a potential pullback…
SPX
Resistance: 1,321, 1,330, 1,344
Support: 1,311, 1,300, 1,288
Quoting Down – LVS, CF, MOS, MCP, SINA, CRM, CSTR, CHL, POT, AAPL, APOL, WYNN, BIDU, VOD, DLTR
Quoting Up – GOOG, INFY, FFIV, VRTX, CAM , UCO, CMG, SWL, NETL, ATI, NYX, HUM
2 comments:
Dave,
Thank you for your posts. You keep a very busy schedule, and we appreciate your diligence in teaching us. I am so glad you will be back for the trading room this morning as well as this evening!
Kathy :)
safe travel, and thanks for doing all you do, for so many!
A grateful student/trader
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