Thursday, June 23, 2011

Futures Point to a Lower Open as Economic Concerns Resurface...

BMO - ES -12.75 and NQ -19.75 point to a lower open about 20 minutes before the open on heavy pre-market volume ...Financials XLF is down 19 cents on 724,800 shares in pre-market and look to trade below Tuesday's low on the open...the Euro is down 167 pips...

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

Dave's Insight for Thursday:  Remember that gaps on the open tend to reverse at least temporarily, sometime during the first 30 minutes, as many traders fade the gap...Be sure to follow your rules on entries and exits this morning...

SPX
Resistance 1,300, 1,310, 1,321
Support 1,288, 1,278, 1,267

Quoting Down:  CMG, FFIV, WLT, UCO, CF, SOHU, CAT, SINA, CRM, AGU, SLB, ATI, UNP, DE, MCP, URE, TIF, CLF, ANR, MOS, VMW, DECK, GS, HUM, COH, GMCR, ARUN, A, RVBD, ANF, CREE, FAS, FCX, POT, SLW, CDE, V, LVS, DOW, X, ESI, ZION, VECO, NKE, NTES, IL, JNPR, PCX, IAG, TSL, JDSU, MHS, SNDK, TBT, SWKS, FWLT, WD, GLW

Quoting Up:  ICE, FAZ, WTW, GES, TLT, UAL, CSTR, NETL, HLF, ACN

1 comment:

TraderBobb said...

Wishin' You safe travels Dave:
Hope you are teaching the ATA in Cleveland this fall.
Robert
CANI_212