BMO – ES –6.25 and NQ -10.00 futures are lower about 11 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with a many more stocks quoting down than up…Financial stocks, XLF is down 6 cents on 643,400 shares in pre-market at this time…
TLT is down 14 cents and the Euro is up 32 pips in overnight trading…GLD is down 4.58 in pre-market...
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN, NFLX and QCOM are quoting lower…
Dave’s Insight for Friday: If support holds it looks like we are going to have a multi-day test of support like August 18 – 22…watch to see if US traders continue to use 1,100 support area as a buying opportunity as they did on Aug 8, Aug 19, Sep 6 and 12…look for bearish or bullish entry signals according to your rules…remember to trade for your target and move stops to protect profits according to your rules…Watch XLF, volume and breadth as a key factors in any SPX move up or down…
SPX
Resistance: 1,146, 1,160, 1,177
Support: 1,134, 1,117, 1,100
Quoting Down – CMG, MOS, HLF, DECK, COH, SLW, CDE, IBM, V, CF, UCO, FFIV, CHL, CREE, GS, LNKD, VMW, HU, TIF, SWN, FCX, WDC, CROX, SWKS, ATI, POT, C, NTES, DOW, LVS, C, ISRG, GOOG, PCLN, ALXN, COST, JOYG, SHLD, NFLX, LRCX, FSLR, BBBY, ADP, BIDU, FFIV, URBN, AAPL, CERN, SBUX, EBAY, APOL, BRCM, AKAM
Quoting Up – NKE, SINA, GES, X, FAZ, URE, SMH, VOD, WCRX, WYNN, CTRP, ILMN
2 comments:
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