Tuesday, March 22, 2011

Futures Point to a Flat to Slightly Higher Open...

BMO – ES -1.00 and NQ +2.75 futures are mixed about 90 minutes before the open in pre-market trading and point to a flat to slightly higher open the SPX has been in a bounce continuation for three days and you may see upward momentum slow as the markets consolidate gains… a few more stocks are quoting up than down in pre-market this morning

TLT is down 10 cents and the Euro is above 1.4036 resistance up 19 pips in premarket trading

NDX leaders AAPL, BIDU, GOOG, NFLX and PCLN are higher …AMZN and QCOM are slightly lower near even...

Dave’s Insight for Tuesday:  Continue to follow your rules.  Be alert for entry signals as many stocks are in a support bounce continuation this morning…The broad indexes except the RUT are still below their 30 DMA as are many stocks and still have the potential to make lower highs

SPX
Resistance: 1,300, 1,311, 1,321
Support: 1,288, 1,281, 1,271

Quoting Down – SWKS, ATI, JNPR, WLT, AGU, IPI, TIF, IL, CIEN, POT, ARUN, GS, ISRG, EXPD, AMZN, JOYG, XLNX, CERN, FFIV

Quoting UpNFLX, FSLR, AAPL, WYNN, CMG, VMW, MCOP, LVS, ZION, SOHU, CF, CAM, BMC, LIFE, GOOG, PCLN, SHLD, LRCX, ORLY, AKAM, CELG, FISV, RIMM, GILD, ADSK

1 comment:

Unknown said...

Thanks Dave-really appreciate all the insights. Take care.

Jamie