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 DownTLT, UAL, FAZ, GMCR, FSLR, GILD

Quoting UpPCLN, 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

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