Premarket data source incomplete this morning...
BMO – ES +2.50 and NQ +8.25 futures are higher 20 minutes before the open in pre-market trading and point to a higher open… volume is light for pre-market with a similar number of stocks quoting up and down…
U.S. weekly jobless claims drop 14,000 to 351,000...
XLF is up 7 cent on 153,600 shares in pre-market at this time…
FAS is up 1.23 …
TLT is down 4 cents…
the Euro is up 29 pips overnight trading …
NDX leaders AAPL is higher…
Dave’s Insight for Thursday: higher Euro…flat bonds… Financials up…setting up a slightly higher 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
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