BMO – ES +4.00 and NQ +10.25 futures are higher 20 minutes before the open in pre-market trading and point to a slightly higher open following a Wednesday’s S&P14-point intra-day pullback… volume is light for pre-market with more stocks quoting up than down…
U.S. jobless claims report at 351,000.
XLF is up 5 cents on 145,900 shares in pre-market at this time…
FAS is up 71 cents …
TLT is down 1.28…
the Euro is down 25 pips overnight trading …
NDX leaders AAPL, AMZN, BIDU, GOOG, PCLN and QCOM are higher…NFLX is DOWN…
Dave’s Insight for Thursday: lower Euro…lower bonds… Financials up…setting up a slightly higher open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…
Wednesday’s 14- point intra-day pullback was very modest similar to most pullbacks over the past 11 weeks…the SPX has still not had a correction of more than 33 points, a very stable trend during this low volatility period…
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: 1,370, 1,375, 1,388
Support: 1,361, 1,353, 1,347
Quoting Down – TLT, TPX, CRM, RVBD, NKE, JNPR, WDC, PNRA, NFLX, RIMM, ADBE
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