Thursday, September 1, 2011

Futures Point to a Flat Open...

BMO – ES -2.50 and NQ -1.50 futures are near even about 70 minutes before the open in pre-market trading and point to a flat open…ADP employment numbers will be out this morning…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 5 cents on 1,300 shares  in pre-market at this time…

TLT is up 56 cents and the Euro is down 94 pips in premarket trading…

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

Dave’s Insight for Thursday:  Markets appear to be waiting for the ADP numbers…the current trend is up…Follow your rules for trading breakouts and Bullish Posture…The SPX chart target is 1,298…Pull backs to support may be a second chance to enter the trend…Take the trade according to your rules…Posture did turn bullish on Friday, Green Line is above 20 and rising…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 PCLN, AMZN, GMCR, BIDU, ESRX, CRM, FWLT, SLB, ANR, MCP, IBM, NTES, RCL, HAL, VMW, TBT, FCX, CLF

Quoting UpCIEN, WYNN, GOOG, AAPL, CTSH, QCOM, HLF, LVS, GES, JDSU, TLT, LNKD, FAZ

1 comment:

Mary Burkhammer said...

thank you