Dave will be in the Weekly Wrap at 4:30 pm EDT…See you there…
BMO – ES +2.00 and NQ +1.00 futures are slightly higher about 30 minutes before the open in pre-market trading and point to a flat open… volume is light for pre-market with a similar number of stocks quoting up and down…Financial stocks, XLF is down 2 cents in pre-market…
CSTR, CAT, CERN, FSLR and SWKS are up and DECK is down following earnings after the close on Thursday…
SINA has formed a bull flag...
Key Earnings this week:
Thursday – POT, CSTR, CERN, EXPE, FSLR, KLAC, MSFT, NIHD, VRSN, CROX
TLT is up 10 cents and the Euro is up 28 pips in premarket trading…
NDX leaders GOOG is higher in pre-market trading… and NFLX is lower… AAPL, AMZN, BIDU, PCLN and QCOM are near unchanged…
Dave’s Insight for Friday: Continue to follow your rules…Stay with the trend… Remember horizontal breakouts often pull back to their and test their breakout…Earnings continue to influence trading this week…Continue to watch XLF for support of the SPX breakout of horizontal resistance…Manage your trades based on the price action you see on the charts…
SPX
Resistance: 1,367, 1,384
Support: 1,352, 1,344, 1,330
Quoting Down – RIMM, DECK, SINA, AGU, CRM, GS, SOHU, URE, WYNN, NFLX, CTXS, VRTX, COST, ESRX, MYL, BIIB, CMCSA
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