Friday, July 1, 2011

Futures, XLF Point to a Flat Open...Have a Great, Safe July 4 Weekend...

Join Dave and Tom in the Weekly Wrap at 4:30 EDT today…Have a Great July 4 Weekend…


BMO – ES +0.00 and NQ +0.75 futures are mixed about 20 minutes before the open in pre-market trading and point to a flat open on Friday…volume is light for pre-market with slightly more stocks quoting down than up…Financial stocks, XLF is quoting flat on 97,200 volume in pre-market…

TLT is up 13 cents and the Euro is down 16 pips in premarket trading …

NDX leaders AAPL, AMZN, and QCOM are quoting higher on light volume in pre-market trading…BIDU, GOOG and NFLX are lower…PCLN is unchanged…

Dave’s Insight for Friday:  Stay with your support bounce and breakout trades according to your rules…Exit and move your stops up to protect your profits as always according to your rules…Look for lighter volume ahead of the July 4 Holiday weekend…Continue to watch XLF as a key factor for support bounce continuation

SPX
Resistance:, 1,321, 1,330, 1,344
Support: 1,310, 1,300, 1,288

Quoting DownWLT, CMG, SLW, SINA, RVBD, UCO, CRM, NKE, CDE, V, FCX, TBT, DE, CERN, DLTR, VRTX, NIHD, VOD, BIIB, ALXN

Quoting UpAGU, CRUS, LVS, FFIV, SNDK, VMW, GS, AMZN, CLEG, FFIV, SNDK, TEVA, BRCM

1 comment:

TraderBobb said...

Happy 4th to All:
May all have a safe and enjoyable weekend.
Robert
CANI_212