BMO – ES -1.50 and NQ -4.50 futures are lower 20 minutes before the open in pre-market trading and point to a slightly lower open… volume is light for pre-market with more stocks quoting down than up…
XLF is down 3 cents on 27,900 shares in pre-market at this time…
FAS is down 51 cents …
TLT is up 40 cents…
the Euro is up 9 pips overnight trading …
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower…
Dave’s Insight for Wednesday: higher Euro…higher bonds… Financials down…setting up a flat to lower open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
With VIX remaining low the SPX continues to trade with the pattern of one thrust day and several consolidation narrow range days…the SPX had a thrust day on Thursday and its range was 9.65 on Tuesday, pre-market volume appears to suggest another narrow range consolidation type day…
GRMN is set to gap up…
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: 1,361, 1,370
Support: 1,353, 1,347, 1,331, 1,315
Quoting Down – GOOG, AAPL, NFLX, DLTR, FSLR, PCLN, DELL, NTES, FAS, DOW, CAT, FFIV, GS, GRPN, TSL, C, IBM, VMW, ANF, SINA, ISRG, GOLD, AMZN, GILD, WYNN, TEVA, VOD, GMCR, BIDU, ALXN
Quoting Up – GRMN, INTU, AVGO, MOS, HLF, CRM, HUM, CMG, CDE, DECK,LNKD, TLT, COH, SWKS, POT, PNRA, BBBY, WFM, LIFE, ORLY, SHLD, RIMM
1 comment:
i got out of grmn yesterday before earnings with a nice profit, oh well i guess it could have gapped down just as easy.
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