BMO – ES +21.00 and NQ +39.50 futures are up big 25 minutes before the open in pre-market trading and point to a higher open…volume is heavy for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 27 cents on 201,800 shares in pre-market at this time…FAS is up $3.90…
For those who disbelieved the guidance…”never short a dull market” take note and learn why that observation is taught…if you’re short…ouch!
TLT is down $1.72 and the Euro is up 100 pips in overnight trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are higher…
Dave’s Insight for Tuesday: higher Euro…lower bonds… Financials up big…setting up much higher open … …the Euro is bouncing off the 1.29 support area and moving higher…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
Maybe you know believe the SPX diagonal breakout level that really couldn’t sell off…volume is rebounding from light holiday trading last week…and the SPX is adding a horizontal breakout to its diagonal brekaout...
Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in the SPX bounce and rebreakout…
SPX
Resistance: 1,260, 1,273, 1,288, 1,300
Support: 1,249, 1,230, 1,216
Quoting Down – FAZ, TLT, HAL
Quoting Up – FAS, FFIV, CF, IBM, SLB, GS, UCO, CLF, CRM, WLT, LNKD, MOS, DE, V, NKE, FCX, SINA, POT, X, FCL, ANR, CHL, LVS, SLW, MCP, C, SWN, VECO, SWKS, ANF, PCX, TBT, JNPR, GRPN, NVDA, AKS, JDSU, GOOG, PCLN, AAPL, GOLD, AMZN, BIDU, ISRG, WYNN, TEVA, FOSL, GMCR, ALTR, ADSK, BIIB, SVUX, AMGN, COST, QCOM, NFLX, PCAR, WFM, LIFE, SHLD, NUAN, ESRX, AKAM, INTU
2 comments:
Nice Work Dave...
Hi Dave, this trangle breakout works.
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