BMO – ES -1.00 and NQ -1.00 futures are near even about 90 minutes before the open in pre-market trading and point to a flat open on Tuesday…at this hour volume is light for pre-market with slightly more stocks quoting up than down…Financial stocks, XLF is quoting down 6 cents on 3,400 volume in pre-market…
NKE is gapping up in the pre-market following earnings…ACN is also gapping up…
TLT is down 11 cents and the Euro is down 16 pips in premarket trading …
NDX leaders AAPL, AMZN, BIDU and GOOG are quoting lower on light volume in pre-market trading…PCLN is flat and NFLX and QCOM are higher…
Dave’s Insight for Tuesday: following Monday’s broad rally, pre-market is looking like a pause start to see if buyers will follow through for a second day…watch price in relationship to Monday’s S1 which is short term support on many stocks…earnings season starts in two weeks …follow your rules, take trades accordingly … Continue to watch XLF as a key factor for a support bounce to happen…
SPX
Resistance: 1,278, 1,288, 1,300
Support: 1,267, 1,257, 1,244
Quoting Down – HLF, A, FFIV, URE, FFIV, AMZN, GRMN, SRCL, GOOG, AAPL, SHLD, BIDU, VOD, CELG, CHKP
Quoting Up – NKE, ACN, CMG, UCO, NETL, FWLT, TIF, VMW, SLW, CRM, V, SOHU, ILMN, NFLX, BMC, WYNN, BIIB
3 comments:
Thanks Dave:
Dave,
Why is the stock market up 100+ points, but the financials are lagging. In fact JPM, GS, and BAC are all down. Is that a sign that this is somewhat of an oversold rally or deadcat bounce?
Thanks,
Billy D.
It is a pleasure to be able to follow you multiple times this week in the Trading Rooms. Thanks for your mentoring. We appreciate it.
Bob Pinnow
Post a Comment