11:40 am EDT - TPX and CROX Stocks to Watch on Monday are moving this morning... MCP and AGU from our Quoting Up list this morning are also making big moves...
You might want to read Friday's post if you have not already done so...
BMO – ES -4.50 and NQ -7.75 futures are lower about 25 minutes before the open in pre-market trading and point to a lower open on Monday…volume is light for pre-market with a more stocks quoting down than up…Financial stocks, XLF is quoting down 8 cents on 115,600 volume in pre-market…
TLT is up 25 cents and the Euro is up 20 pips in premarket trading …
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting lower in pre-market trading…
Dave’s Insight for Monday: Last week was the first positive week in the last seven weeks….XLF and SPX both showed slowing downward momentum…With triple witching expiration out of the way we want to observe if buyers are ready to step in a take the market higher…look for a potential support bounce and stay prepared to trade any break of support…Continue to follow your rules and take trades accordingly…Watch XLF as a key factor for a support bounce to occur…
SPX
Resistance: 1,278, 1,288, 1,300
Support: 1,267, 1,257, 1,249
Quoting Down – WLT, URE, GS, FFIV, SWKS,SOHU, ICE, INFA, SLB, SNDK, FWLT, CRM, CMG, SINA, ARUN, FAS, V, TPX, FCX, ENTR, STI, GMCR, JNPR, VMW, CLF, GES, LVS, DHR, CIEN, NFLX, AAPL, CERN, PCLN, FFIV, CTSH, GOOG, INFY, BIDU, AMZN, SNDK, LINTA, RIMM, GMCR, ADBE, VRTX, FAST, ILMN, SBUX
Quoting Up – CF, MCP, AGU, MOS, FAZ, HUM, PCX, POT, IL, WTW, ESI, CAT, TLT, NTES, ISRG, CELG, VOD, WFM, BIIB, LIFE, MXIM
3 comments:
Dave; Got this at 8:00 AM CST, I was just reviewing Fri. Post. Thank You again for all the BGO moments! Jim M.
Excellent perspectives.
Thanks Dave.
Dave, Fantastic! AWESOME!!
(Friday post & weekly wrap)
More of your insights and perspectives, PLEASE!
hope you enjoyed Father's day
thank you,
A grateful student/trader
Post a Comment