BMO – ES +8.00 and NQ +16.00 futures are higher 100 minutes before the open in pre-market trading and point to a higher open…volume is light for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 6 cents on 300 shares in pre-market at this time…
TLT is down 21 cents and the Euro is up 33 pips in overnight trading…
NDX leaders AAPL, AMZN, BIDU, GOOG and QCOM are quoting higher…PCLN is unchanged
Dave’s Insight for Tuesday: slightly higher Euro…slightly lower bonds… Financials up…setting up a slightly higher open …the SPX stayed within its 35 point trading range of last week as it opened lower and moved towards support…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
Chart Signals will be watching XLF, TNX and VIX today as key factors in any SPX move…
SPX
Resistance: 1,249, 1,260, 1,273, 1,288
Support: 1,230, 1,216, 1,205
Quoting Down – FAZ, DECK, IL, NKE
Quoting Up – FAS, SMH, GS, IBM, CMG, ARUN, CSTR, POT, SINA, FCX, CAT, C, ANR, CRM, X, ZION, NFLX, URBN, GOOG, AAPL, BIIB, AMZN, BRCM, PNRA, TEVA, GMCR, GRMN, BIDU, VOD
Tuesday, December 13, 2011
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3 comments:
Thanks Dave
Robert
CANI_212
Interesting that the DOW is up but the global DOW is down due to Europe and Asia. We are either going to have either a big gap up or a big gap down depending on the outcome with the Euro.
Great support
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