BMO – ES -3.25 and NQ -5.25 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 more stocks quoting down than up…Financial stocks, XLF is down 6 cents on 27,100 shares in pre-market at this time…FAS is down 91 cents …
TLT is down $1.03 and the Euro is up 55 pips overnight trading …
CSTR to Gap Up on reports better than expected EPS
NDX leaders AMZN, BIDU, GOOG, NFLX and PCLN are lower…AAPL is higher…
Dave’s Insight for Tuesday: Higher Euro…lower bonds… Financials down… is setting up a lower open but 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: 1,331, 1,347, 1,356
Support: 1,315, 1,300, 1,292
Quoting Down – TLT, UCO, SINA, FAS, DLR, CAT, GS, COH, V, SLB, ANF, RCL, SLW, WLT, FCX, GOLD, ROST, ALXN, NFLX, LLTC, GOOG, VOD, BIDU, TEVA, GILD, VMED
2 comments:
Thanks Dave!
Interesting day so far. Early on the indexes were down mildly. However, the Euro was up, interest rates were up and bonds were down.
Now the indexes are up mildly.
Don
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