BMO – ES +6.00 and NQ +11.50 futures are higher 20 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 8 cents on 11,800 shares in pre-market at this time…FAS is up $1.45…
TLT is down 9 cents and the Euro is up 36 pips overnight trading …
NDX leaders AAPL, AMZN, GOOG and QCOM are higher…BIDU and NFLX are lower…PCLN is unchanged
Dave’s Insight for Tuesday: Higher Euro…flat bonds… Financials higher…setting up a higher open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
Watch for a potential bounce above the high of the low day and an entry into bull flags or other short-term bullish entries and follow your rules for stop adjustment or exit…the intermediate term trend is still up and the one day pull back appears to have been a modest low volatility move…
The SPY is following the Euro higher early this morning on lighter volume…
Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…
SPX
Resistance: 1,315, 1,331, 1,347
Support: 1,300, 1,292, 1,277
Quoting Down – FAZ, SOHU, POT, A, ISRG, BIDU, NFLX, BIIB, MNST
Quoting Up – URE, CF, UCO, FAS, ATI, MCP, FFIV, WLT, LNKD, CAT, GS, TSLA, SLB, X, IBM, MOS, FCX, CLF, SLW, HAL, DE, CDE, VMW, LVS, SNDK, SWKS, C, CMG, ANR, JDSU, SINA, RCL, AAPL, GOOG, AMZN, GOLD, WYNN, PCAR, FSLR, MAT, PNRA, WFM, GMCR, KLAC, BRCM, NUAN, ALTR, QCOM, SBUX, STX, COST
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