BMO – ES +15.00 and NQ +27.50 futures are higher about 90 minutes before the open in pre-market trading and point to a higher open… the SPX is in a bounce continuation this morning and look for a potential break above Friday’s high and the 1,288 to 1,294 resistance range…many MORE stocks are quoting up than down in pre-market this morning…
TLT is down 23 cents and the Euro is above 1.4036 resistance down 8 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher …
Dave’s Insight for Monday: Follow your rules. Be alert for entry signals as many stocks are in a support bounce continuation this morning…Remember, buy when you’re supposed to buy…
SPX
Resistance: 1,281, 1,288, 1,300
Support: 1,271, 1,256, 1,241
Quoting Down – CF, FAZ, AGU, GES, A
Quoting Up – GOOG, AAPL, PCLN, NFLX, JOYG, TIF, WLT, VMW, GS, CRM, ,SINA, CMG, CLF, UCO, SLW, CAT, POT, UNP, DE, SNDK FAS, X, RVBD, SWKS, FCX, MOS, SWK, GMCR, VECO, LVS, V, PCX, CRUS, STI, CIEN, URE, NYX, CSTR, NVDA, JDSU, SWN, CHL, TSL, MCP, NDAQ, TBT, WYNN, FFIV, AMZN, BIDU, VOD, QCOM, RIMM, GILD, SHLD, VRTX, CTSH, CTXS
2 comments:
Daily thought
Healing is a choice. It’s not an easy one, because it takes work to turn around your habits, but keep making the choice and shifts will happen.
It is just like the market... Follow your RULES and it will happen!
Connect with your intention to heal. The more you choose activities and people that support your forward movement, the stronger that part of you will become.
So, FOLLOW the RULES to became the trader you want to be...
David,
A couple of weeks ago you said you keep M&Ms on your desk to remind you to watch for the M pattern. Take a close look at AAPL: appears to have made a dbl bottom on Jan 24th & Mar 16th plus the valley of the M that was pierced today. Whats the target, somewhere near 390? Am I reading this correctly?
Happy Trading
Michael
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