Financials are also participating in the pre-market bounce…Be prepared for a potential support bounce and bottom…
TLT is down $1.58 and the Euro is up 51 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting higher in pre-market trading…
Dave’s Insight for Thursday: GMCR is the only NDX stock above its 30 DMA …Gold closed at a new high…TLT is down this morning…With the market set to gap up be prepared for an early fade…Follow your rules for entries this morning for bullish and bearish trades… A good technical trader will stay objective and trade each chart according to your rules…Watch XLF which is still a key factor in any SPX move up or down…
SPX
Resistance: 1,134, 1,146, 1,158Support: 1,119, 1,103, 1,080
Quoting Down – FAZ, TLT, CRM, HAS, COH, IAG, WTW, IL, WDC, SWKD, CAM, ISRG, MCHP, JOYG, PCAR, APOL, XLNX, MYL, CTXS, PAYX
Quoting Up – AAPL, GOOG, SRCL, BIDU, PCLN, FSLR, NFLX, ROST, AMZN, CMG, CF, GS, SINA, INFA, HLF, ZION, MOS,FFIV, CAT, SLB, V, POT, MHS, CREE, MCP, FCX, UNP, SMH, AGU, URE, UCO, TBT, VMW, DLR, WLT, X, DOW, GMCR, C, NVDA, LVS, A, RVBD, JDSU, DE, FWLT, SNDK, CLF, FAS, SOHU, ARUN, JNPR, GLW, AKS,CIEN, BAC, CHRW, XRAY, FFIV, CSCO, FAST, NWSA, FLIR, WFM, MAT, CAT, QCOM, ERTS,GILD, GRMN, ALTR, TEVA, RIMM, BBBY, VOD, WYNN
2 comments:
It looks like SPX is in a trading range ... except instead of a few days up and a few days down ... it's ONE big day up and ONE big day down !
Steven R.
Do you see today's action as a support bounce or a flag?
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