BMO – ES +4.00 and NQ +7.25 futures are higher 30 minutes before the open in pre-market trading and point to a slightly higher open…volume is light for pre-market with more of stocks quoting up than down…Financial stocks, XLF is up 5 cents on 18,800 shares in pre-market at this time…FAS is up 86 cents…
TLT is down 20 cents and the Euro is down 46 pips in overnight trading…
NDX leaders AAPL, GOOG and QCOM are higher…AMZN, BIDU is lower…
Dave’s Insight for Thursday: lower Euro…lower bonds… Financials up…setting up a slightly higher open … …the Euro has broken the 1.30 support area and moved lower yesterday on light holiday trading…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…the SPX returned to its breakout at 1,255 and closed a 1,249…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 – AMZN, CF, MOS, DECK, FAZ, SLW, CSTR, POT, CDE, HUM, ALXN, BIDU, TEVA
1 comment:
Great position
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