Friday, September 30, 2011

Futures Point to a Lower Open...Light Volume Pre-market Trading...

BMO – ES -16.00 and NQ -26.00 futures are lower about 20 minutes before the open in pre-market trading and point to a  lower open with the SPX near the 1,146 support area…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 19 cents on 43,800 shares in pre-market at this time…

TLT is up 1.88 and the Euro is down 118 pips in overnight trading …

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting lower


Dave’s Insight for Friday:  Lower Euro…stronger dollar…stronger bonds (lower interest rates)…Financials lower on light volume…resulting in a lower open…Watch for at least a partial fill of this low volume gap down (typically occur during the first hour of trading) in the middle of the eight week price channel… Wait for your entry signals before taking new trades…Watch XLF, volume and breadth as key factors in any SPX move up or down…move stops on profitable trades

SPX
Resistance: 1,160, 1,177, 1,200
Support: 1,146, 1,134, 1,117

Quoting DownCF, PCLN, BIDU, GOOG, AMZN, WYNN, NFLX, AAPL, GMCR, CTRP, JOYG, WFM, FSLR, CLEG, SBUX, CMG, SINA, CRM, IBM, GMCR, CAT, VMW, UCO, SOHU, CLF, LNKD,GS, SLB, DE, POT, MCP, DECK, LVS, WLT, V, MOS, SNDK, HLF, HAL, RVBD, COH, FCX, TBT, RCL, SLW, TIF, ZAGG, X, ANF, FAS, C, NKE, CROX, DLR, WDC, ANR, SWKD, PCX

Quoting UpFAZ, TLT, ISRG, ERTS, DTV, CHL, CSTR, NDAQ

1 comment:

TraderBobb said...

Thanks again Dave:
Question: Will you be in Detroit for the ATA in late October?
Robert
CANI_212