Wednesday, February 15, 2012

Futures Point to a Higher Open...

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BMO – ES +5.75 and NQ +12.50 futures are higher 25minutes before the open in pre-market trading and point to a higher open… …volume is moderate for pre-market with more stocks quoting up than down…

XLF is up 7 cents on 61,500 shares in pre-market at this time…
FAS is up $1.35
TLT is up 16 cents
the Euro is down 25 pips overnight trading …

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

Dave’s Insight for Wednesday:  lower Euro…slightly higher bonds… Financials up…setting up a higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

Following market gain in Asia and Europe overnight…ANF, DE reports…

After Tuesday’s pause it appears we have a bounce continuation this morning…the intermediate term trend is still up

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…


SPX
Resistance: 1,347, 1,353, 1,361, 1,370
Support: 1,331, 1,315, 1,300

Quoting DownMOS, WDC, TPX, DE, POT, CDE, CF, FAZ, INFA, GES, FOSL, MYL, VMED, GRMN

Quoting UpANF, CMG, NTES, ESI, LNKD, SINA, FAS, RVBD, CLF, CHL, CREE, VECO, TSLA, CRM, SLW, V, A, FFIV, ARUN, NKE, VMW, FCX, UCO, MCP, UNP, CRUS, JNPR, WLT, SOHU, SNDK, SWN, PCLN, AAPL, CMCSA, GMCR, GOOG, VIDU, TEVA, DTV, NFLX, CELG, AMZN, GOLD, NTAP, INFY, PCAR, RIMM, GILD, CTXS, WYNN, FSLR, WFM

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