BMO – ES -0.25 and NQ +0.50 futures are higher 15 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market with a similar number of stocks quoting up and down…
XLF is up 1 cent on 425,700 shares in pre-market at this time…
FAS is down 7 cents …
TLT is down 1.21…
the Euro is down 21 pips overnight trading …
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…
Dave’s Insight for Wednesday: lower Euro…lower bonds… Financials flat…setting up a flat open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…Many stocks have broken horizontal resistance and should be traded for Fib or S&R price targets as long as their trends continue…adjust stops as appropriate and according to your rules…
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: 1,401, 1,416, 1,427
Support: 1,388, 1,375, 1,370
Quoting Down – CHL, GOOG, C, TLT, STI, LNG, WLT, IBM, CRM, SLW, GRPN, CF, UCO, FCX, GOLD, NFLX, INFY, AMZN, BIDU, VOD, CTRP
Quoting Up – AAPL, CLF, SINA, NTES, ZION, GES, MCP, TBT, DE, SWK, CROX, BAC, WYNN, GMCR, ALTR, FSLR, VRTX, ROST
6 comments:
Dave,
Thank you for sharing your knowledge.
Kathy :)
Could not get the window to play
Dave not able to play the videos?
Kathy,
You're welcome!
Dave
Kenny,
Just checked, video links good. Must be something with your browser. Links are YouTube, so it nothing on the blog.
Hope you find the answer.
Dave
Hi Dave,
I have a question regarding MACD Divergences. A good example is CRM. Since January 23, CRM has been in a strong uptrend. That uptrend is confirm by the 2 Line MACD which has also been making higher highs & lows. But the MACD Histogram shows a Bearish Divergence. Which indicator would you follow? The 2 Line which confirms price action, or do the 2 indicators simply fail to confirm each other. Teach me O wise and mysitical Guru.
Paul Roden
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