Dave travels to Orlando for live Tom and Dave show tomorrow at the Orlando Money Show...
BMO – ES +2.00 and NQ +4.75 futures are higher 30 minutes 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…Financial stocks, XLF is up 7 cents on 519,700 shares in pre-market at this time…FAS is up $1.22 …First time unemployment claims reported at 358,000 better than estimates of 370,000 this morning…
TLT is down 74 cents and the Euro is up 40 pips overnight trading …
AKAM and V to Gap Up after EPS…
NDX leaders AAPL, BIDU, GOOG, NFLX and PCLN are higher…AMZN is lower…AAPL continues to rise past levels suggested by two year trading pattern following announcement on Apple TV debut…
Dave’s Insight for Thursday: higher Euro…lower bonds… Financials up…setting up a higher open and expect consolidation and short term trend to hold… Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
Watch for bounce continuation and follow your rules for exit…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 Down – GRPN, CMG, CRM, WDC, TLT, TIF, VMW, FAZ, JNPR, ORLY, SHLD, VMED, DTV, CTSH, WFM, INFY, EA, LINTA, PCAR, APOL, FAST,
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