Monday, January 30, 2012

Futures Point to a Lower Open Following the Euro Lower...

BMO – ES -12.00 and NQ -20.75 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with a more stocks quoting down than up…Financial stocks, XLF is down 16 cents on 162,300 shares in pre-market at this time…FAS is down $2.55…

TLT is up $1.79 and the Euro is down 130 pips overnight …

NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are lower…NFLX is higher…

Dave’s Insight for Monday:  Lower Euro…Higher bonds… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential move below the low of the high day and a break of short term on any positions and follow your rules for stop adjustment or exit…the intermediate term trend is still up and any pull back is likely to be a low volatility move…

The SPY is following the Euro lower early this morning on light volume…

Chart Signals will be watching the Euro, XLF and the VIX...


SPX
Resistance: 1,315, 1,331, 1,347
Support: 1,300, 1,292, 1,277

Quoting Down – PCLN, GOOG, WYNN, MNST, AAPL, AMZN, GOLS,CELG, CF, FAS, CRM, IBM, GS, WLT, CAT, CLF, DEC, SLB, V, SOHU, VMW, FCX, X, UCO, POT, CMG, SINA, SLW, LVS, COH, ESI, SNDK, MOS, ATI, DECK, TBT, ANR, HAOL, RCL, DOW, RVBD, WDC, SWK, LNKD, CHL, C, AKS, SMH, NVDA, TSL, WFM, FSLR, IDU, SNDK, SBUX, SPLS, QCOM, TEVA, VRTX, BRCM, ORCL

Quoting Up – TLT, DLR, FAZ, ANF, INFY

1 comment:

Anonymous said...

Thanks, Dave.