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Dave will be on tastytrade at 9 am CST this morning…Happy New Year everyone! Enjoy the three day weekend…
BMO – ES +0.25 and NQ -1.50 futures are mixed 30 minutes before the open in pre-market trading and point to a flat open…volume is very light for pre-market with similar number of stocks quoting up and down…Financial stocks, XLF is down 2 cents on 1,300 shares in pre-market at this time…FAS is down 29 cents…
TLT is up 24 cents and the Euro is up 3 pips in overnight trading…
NDX leaders AMZN, BIDU, GOOG and PCLN are higher…AAPL is lower…
Dave’s Insight for Friday: flat Euro…slightly higher bonds… Financials slightly lower…setting up a flat open … …the Euro is holding the 1.29 support area and moved higher yesterday…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…the SPX rose above its diagonal breakout level and closed a 1,263 at horizontal resistance…pre-market trading is about as light as I have seen all year so look for continued light volume today in this holiday shortened week…
Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…
SPX
Resistance: 1,260, 1,273, 1,288
Support: 1,249, 1,230, 1,216
Quoting Down – ICE, DECK, UCO, AAPL
Quoting Up – CDE, GOLD, GOOG, BIDU, TEVA
2 comments:
Dave:
Thanks for all. Appreciate the extra information/comments/ideas etc from last night's Active Investor/Adv Tech Trading room.
Wishin' you and your family the best in 2012!
Looking forward to it!
Gratefully,
Robert Lloyd
CANI_212
Dave,
Thank you for your dedication and continued support to help us become better traders. Looking forward to 2012 to be a great year.
Happy New Year to you and your family!
Gary
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