Futures Point to a Higher Open...AAPL Near Target in Pre-market...

The buy side to the following AAPL trade filled just after the open on Tuesday...so these results are for a one day, 24 hour period...

7:31:00 am – AAPL filled, our virtual trade of 8 335 weekly calls just filled above target for 11.35.  That is a gain of +4.95 or +77.3% for a total gain of $3,960 on an initial investment of 5,120 and with our original stop risking (non-gap) approximately 3,700.  Notice the reward is greater than the non-gap risk. 

We planned the trade, we followed the plan…this is an A+++ trade…I hope you took the virtual trade as I encouraged you Monday night and you just learned something new…

As Dave always says…"Listen and do…”

Best of Success in your trading today...


BMO – ES +17.25 and NQ +29.50 futures are higher about 30 minutes before the open in pre-market trading and point to a higher open… volume is moderate to heavy for pre-market and many more stocks are quoting up than down in pre-market trading…Financial stocks, XLF is up 15 cents in pre-market…

Our SPY trade is also working very well this morning with a target of 133.90…

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

VMW +11.09%, INTC +6.9%, MICC +3.94%, WYNN +3.65%, YHOO +3.60%, and CSX +1.29% are higher in pre-market trading following earnings…ISRG -2.38%, CREE -4.07% are lower on Wednesday morning…

Key Earnings this week:

Tuesday – INTC, ISRG, LLTC, MICC, STX, WYNN, YHOO, CREE, CSX, GS, HOG, JNJ, JNPR, RF, STT, SYK, VMW

Wednesday – AAPL, GILD, FFIV, VMED, LRCX, QCOM, AMGN, AXP, AMR, DAL, FCX, MAR, STI, CAKE, UNP, UTX, WFC, WDC

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

TLT is down 28 cents and the Euro is up 196 pips in premarket trading…

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

Dave’s Insight for Wednesday:  Continue to follow your rules…Stay with the trend… Strong support bounce follow through this morning following mostly positive earnings’ reactions…Monday’s support low was not even approached on Tuesday, stay with this support bounce and look for targets and resistance…

SPX

Resistance: 1,321, 1,330, 1,344

Support: 1,311, 1,300, 1,288

Quoting Down – ISRG, FAZ, TLT, ADBE, CERN, ILMN

Quoting Up – VMW, CRM, CMG, FCX, SINA, WLT, DECK, CLF, CF, ANF, DE, UCO, SLB, CAT, SOHU, MOS, AGU, GS, X, LVS, URE, SMH, POT, ATI, IPI, FWLT, NTES, SLW, CDE, SWKS, RVBD, FAS, V, CAM, SWN, CIEN, SNDK, VLO, ARUN, NVDA, DOW, VECO, WDC, MHS, PCX, CRUS, NDAQ, STI, GMCR, ZION, JDSU, GLW, TSL NYX, IAG, AMD, GES, F, AAPL, WYNN, PCLN, GOOG, MICC, AMZN, BIDU, FFIV, NFLX, FSLR, KLAC, JOYG, CTXS, INTC, FLIR, INFY, QCOM, LRCX, BIIB, CTRP, COST, BBBY, SRCL, CHRW, CTSH, ALTR, NTAP, SBUX, CEPH, YHOO, XLNX, FAST, AKAM, WFMI, AMAT, VOD