Thursday, March 8, 2012

Online Trading Futures Point to a Higher Open...Euro Higher on Greece Bond Swap Hopes...

BMO – ES +7.50 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 up than down…


XLF is up 8 cents on 937,500 shares in pre-market at this time…
FAS is up 1.56 …
TLT is down 55 cents…
the Euro is up 80 pips overnight trading …

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…

Dave’s Insight for Thursday:  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 –TLT, UAL, FAZ, GMCR, FSLR, GILD

Quoting Up – PCLN, GOOG, CF, SINA, FAS, CMG, LNKD, FFIV, GS, CAT, ANF, IBM, POT, CLF, ARUN, SWK, SOHU, WLT, CRM, SLB, DE, CREE, MOS, CDE, X, FCX, V, CHL, CIEN, LVS, SLW, TIF, DOW, C, URE, RCL, CDE, RVBD, SMH, TPX, SWKS, MCP, GOLD, AAPL, WYNN, BIDU, DLTR, INFY, ISRG, NFLX, WFM, LRCX, PNRA, BIIB, ALTR, AKAM, TEVA, AMGN, NUAN, ORLY, BRCM, QCOM, ROST, EBAY

No comments: