Tuesday, May 15, 2012

Pre-Market Trading Pulls Back After Weaker Than Expected Sales Report...

BMO - ES +0.25 and NQ +8.00 point to a higher open 25 minutes before the open, as ES and SPY bounce from the March support area…SPY is down 3 cents... futures pull back following weaker than expected retail sales report for April...

XLF is up 3 cents…
Euro is down 35 pips…
TLT
is up 11 cents…

GRPN +2.81, +24.07% is gapping up following better than expected earnings...

Look for potential support bounce off of intermediate term sideways trend support levels in some instances accompanied by a bullish divergence, flag support bounce entries on up trending stocks and bear flag and support break on down trending stocks…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...


Quoting Up: GRPN, LNKD, CRM, A, IBM, CMG, CLF, SINA, VMW, TPX, UCO, JNPR, DLR, GS, SLB, FAS, LVS, DHR, TIF, V, LVS, SWKS, COH, HLF, ISRG, PCLN, AMZN, AAPL, GOOG, INFY, BIDU, NFLX, WYNN, COST, ESRX, AKAM, CTSH, ROLY, TEVA, BIDU, EBAY

QUOTING Down:  FAZ, FAST, GOLD

No comments: