BMO – ES +2.50 and NQ +4.25 futures are higher about 70 minutes before the open in pre-market trading and point to a higher open… volume is light for pre-market and a similar number of stocks are quoting up and down in pre-market trading…Financial stocks, XLF is up 5 cents in pre-market…
TLT is down 24 cents and the Euro is above the 1.4036 support area and down 50 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher in pre-market trading...NFLX and QCOM are quoting lower…
Dave’s Insight for Thursday: Continue to follow your rules…Stay with the trend… The short term trend is still up…with financial stocks higher and earnings season ready to start on Monday the SPX may move towards its yearly high of 1,344 and still has the potential to break out if financial stocks move higher throughout the day…Stay with stocks in an up trend…
As always stay prepared for either a potential pullback or breakout…
SPX
Resistance: 1,330, 1,344
Support: 1,321, 1,311, 1,300
Quoting Down – CMG, CIEN, JNPR, SWN, CLF, WLT, MOS, CSTR, CF, TLT, FSLR, NFLX, LRCX, EBAY, LIFE
Quoting Up – BBBY, GOOG, AAPL, COST, WFMI, PCLN, WYNN, CRM, ICE, MCP, IL, ANF, V, LVS, FCX, UCO, GS, TBT, FFIV, AMZN, ESRX, BIDU, ILMN, FAST, CEPH, DTV
1 comment:
It hard when the markets are hanging around resistence like this, but that's why I have rules.
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