Thursday, March 17, 2011

Futures Point to a Higher Open...

BMO – ES +10.75 and NQ +16.00 futures are higher about 80minutes before the open in pre-market trading and point to a higher openafter closing at the break of support price target on Wednesday (read Wednesday nights post if you have not already done so), the SPX may be ready to bounce…MORE stocks are quoting up than down in pre-market

TLT is down 76 cents and the Euro is up 85 pips in premarket trading and is above new support at 1.3861…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and QCOM are higher; PCLN is lower in pre-market trading

Dave’s Insight for Thursday:  Follow your rules.  Continue to enter ONLY when you see your signal…Once you see the setup look for entry signals and act when the signal occurs…Remember, buy when you’re supposed to buy

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

Quoting Down – PCLN, GRMN, GES, HUM AGU, ICE, FAZ, TIF, TLT, CMG, SWK, MOS, JEC, HAS, CHL, RVBD, DOW, STI, URE, SRCL, CTSH, CHRW, LIFE, EXPD, FISV

Quoting UpGOOG, AAPL, NFLX, FFIV, BIDU, CLF, IL, WLT, UCO, DE, CRM, SINA, GS, CAT, MHS, SLB, FCX, X, VECO, CF, DECK, V, MCP, POT, UNP, TBT, GMCR, LVS, SLW, SWN, HLF, FAS, CRUS, SNDK, SMH, JDSU, NYX, NVDA, AMZN, AMGN, JOYG, QCOM, VOD, AKAM, RIMM, FSLR, SHLD, PAYX, WFMI

4 comments:

Bruce said...

What a difference a day makes

Anonymous said...

Dave do you follow the OEX, if so could you comment on it prior to the market open?
Thanks
Ray Azevedo

Anonymous said...

To Wednesdays post about the nuclear contamination:
To put it into perspective, someone dug up tens of thousands of tons of dirt out of the "environment" and sifted it to get the uranium out. Then they further refined it to get out the uranium-235 which is less than 1% of all uranium.
See: http://en.wikipedia.org/wiki/Uranium-235
If you put enough U235 together in a small enough place, it will react with itself and make heat energy which we can use to make electricity.
It is only dangerous if you are close to this concentrated U-235.
If it scatters itself across hundreds or even a thousand square miles of ocean, it will be diluted back into the environment like it originally was, buried under a few square miles of Colorado or wherever else it was mined from. Also it is a very heavy element, like lead which will sink deep into the ocean.

While no one will want to live around the damaged reactors, it has been discovered that many animals are now living around Chernobyl, Russia
http://en.wikipedia.org/wiki/Chernobyl_disaster
Bill

Anonymous said...

Dave's Bonus Disclosure: (from Thursday 3/17 ITS Trading Room) ... "Those People Who Have No Freaking Idea What They Are Doing Will Usually Lose Money Almost Guaranteed." Now that's telling it like it is !!! I'm still ROFLMAO !!!

Steven R.