BMO – ES +6.50 and NQ +13.75 futures are higher 20 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market with many more stocks quoting down than up…
ADP Employment report 216,000 new jobs created in February exceeding expectation of 208,000…
XLF is up 10 cents on 78,500 shares in pre-market at this time…
FAS is up 1.81 …
TLT is down 36 cents…
the Euro is up 16 pips overnight trading …
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…
Dave’s Insight for Tuesday: slightly higher Euro…lower bonds… Financials up…setting up a higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
The short term trend is down and the intermediate term trend is up…this is a bull flag…Follow 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: 1,347, 1,353, 1,361
Support: 1,337, 1,331, 1,317
Quoting Down – FAZ, TLT, GMCR,
Quoting Up – PCLN, AAPL, NFLX, GOOG, CF, FFIV, SINA, FAS, GS, CAT, CIEN, CRM, SOHU, IBM, SLB, CLF, WLT, CMG, V, LNKD, LVS, DE, SWKS, C, X, TIF, UCO, RCL, ANR, ATI, COH, LNG, DLR, POT, STI, SWK, SNDK, MCP, FCX, CRUS,, JDSU, SLW, AMZN, BIDU, INFY, WYNN, PNRA, NUAN, SHLD, FSLR, GOLD, LRCX, BRCM, QCOM, DTV, ORCL, STX, BMC,EBAY, MNST
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