Friday, March 18, 2011

Futures Point to a Higher Open as Many Stocks Bounce...

BMO – ES +16.25 and NQ +21.00 futures are higher about 15minutes before the open in pre-market trading and point to a higher openafter closing at the break of support price target on Wednesday,  the SPX did bounce…many MORE stocks are quoting up than down in pre-market this morning

TLT is down 33 cents and the Euro is breaking out of resistance up 114 pips in premarket trading

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher

Dave’s Insight for Friday:  Follow your rules.  Be alert for entry signals as many stocks are in a support bounce this morning…Remember, buy when you’re supposed to buy

SPX
Resistance: 1,271, 1,281, 1,300
Support: 1,256, 1,241

Quoting Down – CSTR, FAZ, DECK, MHS, TLT, CRCL

Quoting UpGOOG, PCLN, AAPL, FFIV, WYNN, JOYG, INTU, BIDU, RIMM, LLTC, WLT, SINA, URE, AGU, CF, DE, CLF, CMG, CAT, MOS, SLW, GS, CRM, VMW, CAN, RVBD, FCX, FAS, POT, TIF, MCP, X, SNDK, GMCR, LVS, V, SOHU, UAL, IL, PCX, CRUS, ATI, HLF, HUM, JDSU, JNPR, DOW, VLO, TBT, SWN, NVDA, GES, SMH, F, AMZN, SNDK, NFLX, APOL, EXPD, CTSH, WFMI, QCOM, BRCM, AKAM, WFMI, VRTX, MXIM, VMED, CSCO, FSLR, CSCO, CMCSA, TEVA

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