Tuesday, April 12, 2011

Futures Point to a Lower Open Following AA Earnings...

BMO – ES -7.00 and NQ -9.25 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open volume is moderate in a small number of stocks and otherwise light for pre-market and more stocks are quoting down than up in pre-market trading…Financial stocks, XLF is down 10 cents in pre-market which indicates a pull back…

AA is gapping down more in pre-market more than it did in after hours trading, following its earnings Monday…EPS were in-line but revenues missed…

TLT is up 67 cents and the Euro is up 77 pips in premarket trading

NDX leader AAPL is higher in pre-market trading... AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower…

Dave’s Insight for Tuesday:  Continue to follow your rules…Stay with the trend… The short term trend looks to be breaking support this morning…With the SPX starting to pull back from resistance on Monday it looks as if it is going to continue following AA earnings after the close

SPX
Resistance: 1,330, 1,344
Support: 1,321, 1,311, 1,300

Quoting Down – NFLX, PCLN,  VRTX, CTSH, MCHP, FAS, CMG, CRM, SINA, SOHU, WLT, FWLT, CLF, MCP, GS, ANF, VMW, DE,FCX, CF, POT, MOS, UCO, SLB, X, AGU, LVS, V, SWN, TBT, UNP, FAS, CAN, RVBD, DECK, JNPR, CSTR, SNDK, CIEN, VLO, URE, CAM, CRUS, CIEN, SMH, F, PCX, SWKS, FFIV, WYNN, SHLD, BBBY, ALTR, AMZN, MICC, GOOG, QCOM, BIDU, WFMI, CTXS, ESRX, EBAY, BRCM

Quoting Up – AAPL, ESI, TLT, FAZ, NYX, DLR, ISRG, BIIB, SRCL, KLAC, TEVA

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