BMO – ES -0.50 and NQ -0.75 futures are slightly lower 10 minutes before the open in pre-market trading and point to a flat open…volume is light for pre-market with a similar number of stocks quoting up and down…Financial stocks, XLF is up 1 cent on 121,100 shares in pre-market at this time…FAS is up 2 cents…
TLT is down 65 cents and the Euro is up 131 pips overnight …
NDX leaders AAPL, BIDU, and QCOM are higher…GOOG is flat…AMZN, NFLX and PCLN are lower…
Dave’s Insight for Monday: The market awaits AAPL and other important earnings announcements this week, while an important earnings could cause the SPX to pull back 20 points inside its up trend, the weight of the technical evidence points to a continued up trend as of this morning…
Higher Euro…bonds lower… Financials flat…setting up a flat open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
Monday earnings of interest CSX, HAL, TXN, VMW, WDC …
Chart Signals will be watching the Euro to see if the support bounce continues and leads to a trend reversal and the VIX to see if it holds its down trend...
SPX
Resistance: 1,315, 1,331, 1,347
Support: 1,300, 1,292, 1,277
Quoting Down – CF, IBM, TLT, HAL, CRM, GS, STI, SOHU, VMW, PCLN, NFLX, PNRA, AMZN, RIMM, AMGN, ROST,
Quoting Up – SWN, CMG, CLF, SINA, UCO, RCL, SLW, HUM, SLB, FCX, TBT, TSLA, AAPL, BIDU, FAST, WYNN, GMCR, NUAN, BBBY
1 comment:
Good morning Dave Thanks for the early posts
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