BMO – ES +5.50 and NQ +9.00 futures are higher 25 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 5 cents on 77,100 shares in pre-market at this time…
TLT is up 93 cents and the Euro is down 3 pips in overnight trading…
NDX leaders AAPL, AMZN, BIDU, GOOG and QCOM are higher…PCLN is slightly lower…
Dave’s Insight for Thursday: flat Euro…higher bonds… Financials up…setting up a higher open …after a pause, pullback and close slightly higher day on Wednesday the support bounce is continuing…watch the pullback in the Euro…If it holds the 1.30 support area, it is bullish…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
We continue looking at second chance opportunities for entry on Setups of MACD Bullish Divergence, Diagonal Breakout, Higher Lows and Higher Highs with Higher Lows…Intermediate term entries are also a go with the MF Green line turning up on Tuesday…
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: 1,249, 1,260, 1,273
Support: 1,230, 1,216, 1,205
Quoting Down – BBBY, FAZ, TBT, SLW, RIMM
Quoting Up – LNKD, VMW, FAS, TLT, CF, JNPR, CLF, IBM, GS, FFIV, CMG, SNDK, NKE, CAT, POT, ARUN, IFNA, TIF, DE, WLT, MOS, V, DLR, SWN, C, ISRG, CELG, INFY, ESRX, GOOG, ALTR, FSLR, NFLX, AKAM, AAPL, WYNN, YHOO, AMZN, AMGN, GOLD, GMCR
3 comments:
Dave
Thanks as always for your diligence and guidance, esp around this busy time of year. I have been a fan for a long time.
I always look at the items on your Quoting Up/Down and Stocks to Watch. These lists seem to be a good watch list. I am very curious how you choose these stocks/ETFs. Do you use searches? Do you just have a list of 100s of stocks you review and then select from. I find that creating, maintaining, and taking entries in watch lists to be very time consuming. Sharing your process would be very helpful to me.
Thanks and Happy Holidays
Mike
Mike,
It is the NDX 100 and my Above Below 30 DMA watchlist at the bottom of each post.
Happy Holidays!
Dave
Excellent holdings
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