BMO – ES -21.50 and NQ -35.25 futures are lower even about 10 minutes before the open in pre-market trading and point to a lower open…negative reaction to Unemployment of at 9.1% in August…volume is heavy for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 39 cents on 1,895,100 shares in pre-market at this time…
TLT is up 2.25 and the Euro is down 32 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting lower in pre-market trading…
Dave’s Insight for Friday: Follow your rules for exits, stops and bearish trades…Initial reaction to Job reports of no new jobs added is down…watch key support levels to see where buyers step in…Pull backs to support may be a second chance to enter the trend…Take the trade according to your rules…Watch to see if Posture turns Bearish?…Watch XLF as a key factor in any SPX move up or down…
SPX
Resistance: 1,225, 1,235, 1,249
Support: 1,200, 1,177, 1,160
Quoting Down – NFLX, GOOG, PCLN, ISRG, AAPL, BIDU, AMZN, GMCR, WYNN, CMG, CF, SOHU, VMW, CAT, GS, CLF, FFIV, CRM, IBM, SINA, LNKD, DE, WLT, SLB, DECK, UCO, NTES, C, UNP, ATI, URE, COH, MCP, MOS, POT, ANR, ANF, HUM, FAS, FCX, TIF, CHL, HAL, RVBD, HLF, V, TBT, LVS, X, RCL, ARUN, DOW, SNDK, CREE, TSL, CROX, VECO, SWKS, FWLT, CRUS, BAC, SMH, PCX, ZAGG, SWN, STI, UAL, FSLR, FFIV, JOYG, SHLD, WFM, QCOM, EXPE, CTRP, EBAY, ADP, CTXS, SBUX, INTU, NTAP, COST, GILD, INFY, FLIR
Quoting Up – FAZ, ICE, TLT, WDC, SLW, DHR, A, NDAQ, NKE, CDE, DTV
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