BIIB, FFIV, QCOM and AAPL are Gapping Up...Higher Open...

Dave will be in the ITS Trading Room at the market open, the Weekly Wrap with Tom Sosnoff at 4:30 pm EDT, and in the AT Trading Room at 5 pm MDT / 7 pm EDT.  See you there…

BMO – ES +6.75 and NQ +24.00 futures are higher about 60 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market and many more stocks are quoting up than down in pre-market trading…Financial stocks, XLF is up 9 cents in pre-market…

Today is the last trading day of this week.  Markets are closed on tomorrow for Good Friday.

Pre-market is so strong that you should be sensitive to the potential for a fade and manage accordingly…

BIIB +21.19%, AAPL +4.37%, FFIV +10.79%, QCOM +4.36%, are higher in pre-market trading following earnings…CMG -2.47% IS lower on Thursday morning…

Key Earnings this week:

Thursday – MXIM, SNDK, VRTX, BIIB, AMD, ALD, ALXN, COF, DD, GR, LLL, NEM, NUE, NOK, PCX, PNC, RMBS, SLB, UAL, VZ

TLT is up 39 cents and the Euro is up 80 pips in premarket trading…

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

Dave’s Insight for Thursday:  Continue to follow your rules…Stay with the trend… Be alert as indexes approach resistance…INDU is breaking out as of Wednesday…

SPX

Resistance: 1,330, 1,344

Support: 1,321, 1,311, 1,300

Quoting Down – CMG, SINA, TEVA, LRCX, WYNN, GILD, WLT, CAM, PCX, FAZ, SOHU, V, WDC, TBT, DHR, VOD,  

Quoting Up – BIIB, AAPL, FFIV, CRM, SWKS, RVBD, CLF, NTES, SLW, VMW, HLF, DECK, GS, SNDK, TIF, CRUS, NYX, CF, UCO, IL, CDE, FCX, CAT, AGU, POT, X, ARUN, MCP, FAS, JDSU, URE, STI, MOS, LVS, DOW, JNPR, DE, TSL, SMH, ZION, TLT, PCLN, GOOG, QCOM, BRCM, NFLX, AMZN, CELG, SNDK, JOYG, CTXS, FAST, NTAP, COST, ALTR, AKAM, WFMI