BMO – ES +1.25 and NQ +2.75 futures are higher 30 minutes before the open in pre-market trading and point to a flat open…volume is light for pre-market with a more slightly more stocks quoting up than down…Financial stocks, XLF is up 1 cent on 13,800 shares in pre-market at this time…FAS is up 46 cents…
Weekly jobless claims fell more than expected to 367,000 Bernanke testifies before House Budget Committee today at 3 pm ET…
TLT is up 7 cents and the Euro is down 57 pips overnight trading …
Thursday Earnings – CME, DOW, MA, MCHP, PCX, RCL
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are higher…NFLX is slightly lower…
GMCR and QCOM are gapping up…
CMG, ANF and RCL are gapping down…
Dave’s Insight for Thursday: Lower Euro…flat bonds… Financials flat…setting up a flat open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
Watch for bounce continuation and follow your rules for stop adjustment or 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 – CMG, ANF, RCL, DLR, UAL, DECK, CSTR, CRM, UCO, DOW, LVS, DHR, KKD, FAZ, CTXS, NFLX,
Quoting Up – GMCR, GOLD, QCOM, V, SINA, FAS, LNKD, ARUN, GS, UNP, NKE, TIF, SNDK, MCP, CREE, SWKS, JDSU, DE, CIEN, FFIV, SOHU, POT, ROST, EA, CHKP, COST, FFIV, WYNN, SNDK, AKAM, NUAN, CELG, CHRW, MYL, BIDU, BRCM
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