9:26 am EDT - On Sunday the ES opened at 1,167.25, it made a low of 1,161.50 and a high of 1,188.50 overnight...just before the open the ES is at 1,167.00 almost where it opened on Sunday afternoon...
BMO – ES -26.75 and NQ -49.00 futures are lower about 40 minutes before the open in pre-market trading and point to a lower open following a lower…between 2 am and 4 am EDT the ES ran 25 points from 1,163 to 1,188, essentially filling the gap in the European session before returning near Sunday's opening levels... volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 34 cents on 106,300 volume in pre-market…
BMO – ES -26.75 and NQ -49.00 futures are lower about 40 minutes before the open in pre-market trading and point to a lower open following a lower…between 2 am and 4 am EDT the ES ran 25 points from 1,163 to 1,188, essentially filling the gap in the European session before returning near Sunday's opening levels... volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 34 cents on 106,300 volume in pre-market…
TLT is up 64 cents and the Euro is down 175 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting lower in pre-market trading…
Think...don't simpley react...Follow your rules...
Dave’s Insight for Monday: Markets are down following the S&P downgrade of U.S. long term debt from AAA to AA+…from here it appears this is being translated into a knee-jerk reaction to economic concerns …Gold is at a new high and bonds are up from Friday’s close, after the downgrade…go figure…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: 1,225, 1,235, 1,249
Support: 1,200, 1,173, 1,160
If 1,160 support does not hold look to 1,147, 1,134, 1,121 and 1,108 as next levels of support….
Quoting Down – PCLN, ISRG, GOOG, NFLX, AAPL, AMZN, BIDU, WYNN, FFIV, FSLR, CMG, SINA, DECK, FFIV, CF, SOHU, GMCR, CRM,HLF, VMW, CAT, TPX, CLF, ANF, MCP, WLT, GS, SLB, DE, UNP, URE, CSTR, UCO, V, AGU, LVS, MOS, TIF, COH, POT, CROX, RVBD, ANR, C, X, CAN, FCX, CAM, DHR, FAS, CREE, NKE, ATI, ARUN, ZAGG, STI, FWLT, TSL, A, DOW, CDE, SWKS, HUM, CHL, SWN, JNPR, ZION, PCX,
Quoting Up – FAZ, WTW, TLT, INFA, DLR, ROST, INTU, CERN, BMC, QGEN, MXIM, LINTA, LIFE
1 comment:
Good morning Coach,
On July 19 we were foreseen a possible brake out high... Than we broke support on July 29 (only 10 days later) and since than we are going LOW.
Today XLF just lost 2yrs low and next support area look like 12.25 and than 10.75.
Why are Finances being beating so hard?
The overall does not look that bad with many companies beating earnings expectation but still look like the END OF THE WORLD on the Market!
How can people change so fast and liquidate it all?
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