Thursday, July 28, 2011

Futures Point to a Slightly Higher Open...GMCR Gaps Up 20%, CLF Gaps Down...

BMO – ES +2.00 and NQ +8.50 futures are slightly higher about 30 minutes before the open in pre-market trading and point to a slightly higher open on Thursday…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF up 2 cents on just 20,100 volume in pre-market

TLT is up 57 cents and the Euro is down 90 pips in premarket trading…

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

GMCR, CROX are gapping up after earnings…AKAM and LRCX are gapping lower

Dave’s Insight for Thursday: Wednesday’s large black candle’s mid section is R!…Earnings reactions continue to gap up and gap down…Follow your rules for entries and exits…Trade each chart according to your rules…Watch XLF, a key factor as to whether when the SPX will reverse its current pull back

SPX
Resistance: 1,310, 1,321, 1,330
Support: 1,300, 1,288, 1,278

Quoting DownCLF, NFLX, AKAM, LIFE, ANR, SWK, MHS, URE, UCO, SLW, A, TBT, TSL, FWLT, PCLN, BMC, LRCX, CEPH, CTXS, KLAC, APOL, ESRX, CHKP, ATVI, ADP, SHLD

Quoting UpGMCR, MCP, CAM, CROX, POT, SINA, DECK, CMG, MOS, SOHU, FFIV, TIF, CF, TPX, INFA, CSTR, CRM, DHR, TLT, HUM, ARUN, DLR, ICE, SNDK, AGU, GES, SWKS, DOW, V, CELG, WFM, WYNN, AAPL, AMZN, SYMC, GOOG, SBUX, CTSH, BIDU, MYL, FFIV, JOYG, ORLY, CSCO, GOOG, RIMM

2 comments:

TraderBobb said...

Dave:
Again; Thanks for the continued updates and the blog.
Robert
CANI-212

clint elliott said...

Great session Ben and Dave