BMO – ES -3.75 and NQ -12.00 futures are lower 25 minutes before the open in pre-market trading and point to a lower open…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 4 cents on 99,100 shares in pre-market at this time…
GDP report of 2.0% for the third quarter, below estimate of 2.5%...
TLT is up 43 cents and the Euro is up 12 pips in overnight trading…
NDX leaders AMZN, BIDU, GOOG, PCLN and QCOM are quoting lower…AAPL is higher…
Flagging Stocks – VMW, GMCR, STX, ORLY, AGP
Channeling Stocks – V, ADSK, FFIV, ADBE, RVBD, JOYG
Dave’s Insight for Tuesday: slightly higher Euro…higher bonds… Financials lower…setting up a lower open …look for volume to slow Tuesday and Wednesday before the Thanksgiving holiday…Many stocks are just above horizontal support, watch for bounce or support break…Always follow YOUR rules at entry, exits and stops...
Chart Signals will be watching XLF, TNX and VIX today as key factors in any SPX move…
SPX
Resistance: 1,205, 1,216, 1,230
Support: 1,177, 1,160
Quoting Down – CMG, CRM, CF, SOHU, SLB, MCP, DE, FAS, CLF, IBM, RCL, CAT, LNKD, GS, COH, VMW, DECK, WDC, SWN, LVS, SINA, PCLN, NFLX, AMZN, GOOG, JOYG, WYNN, BIDU, LLTC, WFM, GRMN, BIIB, LINTA, FAST, LIFE, COST, FSLR, INTC
Quoting Up – FFIV, ICE, FAZ, TLT, ESI, WLT, AAPL, CELG, CERN, INFYU, APOL, ERTS, ADSK
1 comment:
The furtures look bright
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