Thursday, December 15, 2011

Futures Point to a Higher Open...

BMO – ES +13.00 and NQ +20.50 futures are higher 150 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 17 cents on 853,200 shares in pre-market at this time…

TLT is down 59 cents and the Euro is up 52 pips in overnight trading…

NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are trading higher….

Dave’s Insight for Thursday:  higher Euro…lower bonds… Financials up…setting up a higher open …Euro and SPX find 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: 1,230, 1,249, 1,260
Support: 1,216, 1,205

Quoting DownDECK, CHL, FAZ, TLT, DLR, LRCX, PCAR, DTV

Quoting UpPCLN, GOOG, AAPL, CMG, FAS, FFIV, WLT, IBM, CRM, CAT, CF, VMW, GS, SINA, CLF, NKE, TPX, LNKD, RVBD, SLB, TIF, MPC, V, MOS, SOHU, ANR, CREE, FCX, SWKS, HAL, RCL, POT, C, X, DOW, SMH, CRUS, A, SNDK, GRPN, SWN, PCX, JNPR, NVDA, SLW, SWK, TSL, TSLA, JDSU, UCO, WYNN, CHKP, BIDU, AMZN, KLAC, GRMN, NFLX, AKAM, BRCM, QCOM, VRTX, LLTC