BMO – ES +6.00 and NQ +7.75 futures are higher 40 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 42,300 shares in pre-market at this time…FAS is up $1.18…reaction was positive to the Fed policy statement on Wednesday…
TLT is up 60 cents and the Euro is up 67 pips overnight …
NFLX is up $19.22 following strong earnings after the close on Wednesday…
NDX leaders AAPL, AMZN, GOOG, NFLX, PCLN and QCOM are higher…BIDU is lower…
Dave’s Insight for Thursday: Higher Euro…bonds higher… Financials higher…setting up a higher open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
The SPX is following the Euro higher early this morning on light volume…
Thursday earnings of interest – MMM, ALK, AMGN, T, CAT, CELG, CRUS, INFA, ESI, JNPR, KLAC, MXIM, POT, RVBD, UA, UAL, VRSN
Chart Signals will be watching the Euro to see its 30 DMA breakout continuation move, XLF and the VIX to see if it holds its down trend...
SPX
Resistance: 1,331, 1,347, 1,356
Support: 1,315, 1,300, 1,292
Quoting Down – SNDK, CSTR, CF, POT, COH, MOS, FAZ, ESI, SWK, MNST, LRCX, BIDU, VOD, CELG
Quoting Up – NFLX, CAT, FAS, CLF, DE, UCO, CRM, UAL, GS, WLT, SLB, V, RCL, TLT, FCX, X, SINA, SLW, C, CROX, ANR, HAL, VECO, MCP, WDC, CRUS, VMW, CDE, SWKS, SWN, PCX, GOOG, CTXS, GOLD, AAPL, PCAR, WFM, WYNN, NUAN, AMZN, FSLR, GMCR, LIFE, SBUX
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