GOOG +68, AAPL, AMZN, BIDU, NFLX, PCLN, QCOM Rise in Pre-Market...

Dave is teaching an Advanced Technicals Workshop with 250 traders in LA today and will not be in the Weekly Wrap this afternoon...see you next Friday...



BMO – ES +5.75 and NQ +16.50 futures are higher about 20 minutes before the open in pre-market trading and point to a higher open on Friday…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is quoting up 12 cents on 706,600 volume in pre-market…

GOOG +69.01 reported better than expected earnings after the close Thursday and is gapping up today…

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

Breakout Setups: SINA, TIF, CMG, ESI, FCX, SOHU, AAPL, NFLX

Bounce Setups: VMW, DE, CROX, INFA, TPX, CRM, HLF, NETL, ATW, NGLS, ACN, ARUN, FFIV, ICE, A, AKS, CAM, CAT, COH, CRUS, DLR, NKE, NTES, SLB, UNP, WDC, ZION, FAS, MOS, NDAQ, URE, V, X, DHR, SWK, F, WTW, SPY, DIA, QQQ, IWM

Focus on the charts you are trading and your rules…do what they show you to do…

TLT is down 81 cents and the Euro is up 22 pips in premarket trading…

Dave’s Insight for Friday: Today is July options expiration…There are still many Bull Flag Setups and a few Breakout Setups on the charts…Follow your rules for entries… …Watch XLF as a key factor for to confirm this morning’s support bounce…

SPX
Resistance: 1,321, 1,330, 1,344
Support: 1,310, 1300, 1,288

Quoting Down – FAZ, TLT, FLIR, BIIB

Quoting Up – GOOG, ISRG, PCLN, BIDU, AAPL, AMZN, SINA, FFIV, WTW, SOHU, VMW, WLT, CAT, GS, SWN, NTES, MCP, RVBD, DEC, CLF, ATW, UCO, CMG, POT, GMCR, SLB, MOS, URE, HAS, FCX, TBT, FAS, V, TIF, ANR, SNDK, SLW, PCX, LVS, NKE, CREE, CROX, HUM, CDE, UNG, SWKS, X, NFLX, FFIV, MAT, WYNN, KLAC, CTXS, SHLD, CERN, VRSN, ORLY, GMCR, INTU, BBBY, NTAP, FSLR