Friday, October 14, 2011

Stocks Rise as GOOG Gaps Up After Beating Earnings...

10:00 AM EDT – ES +16.75 and NQ +31.50 futures are higher 30 minutes after the open … Financial stocks, XLF is up 16 cents on 29.2 million shares…all sectors are higher…

The VIX -1.98, 28.72 is at its lowest level since August 3…

GOOG is up $35.51, the same as last nights gap

Interest rates TNX is +0.64 at 22.33…TLT is down -1.50 and the Euro is up 86 pips in overnight trading …

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

Dave’s Insight for Friday:  higher Euro…weaker bonds…Financials up…leading to a higher open …With the SPX at the 1,216 resistance, watch for a potential breakout …Follow your entry signals and take trades according to your rules…Watch XLF, volume and breadth as key factors in any SPX move…move stops on profitable trades…

SPX
Resistance: 1,205, 1,216, 1,230
Support: 1,177, 1,160, 1,146

Quoting DownVRTX, MCHP, FAST, BIIB, SINA, UAL, FAZ, TLT

Quoting UpRVBD, UCO, FCX, WLT, LNDK, PCX, CIEN, CRUS, JDSU,  SWKS, , JNPR, HAL, HLF, GOOG, ADBE, SIRI, ADSK, JOYG, EBAY, BRCM, APOL, BIDU, SNDK, CTXS, QCOM, NVDA, FFIV, NTAP, AMZN, INFY, AAPL

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