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
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