Thursday, August 23, 2012

Futures Point to a Lower Open Following Weekly Jobs Claim...GES, HPQ Gap Down...


BMO – ES -4.50 and NQ -8.25 is mixed in pre- market…SPY down -40 cents in pre-market…Futures moved lower this morning after jobs claims rose more than expected for the latest week…

XLF is down 6 cents…on just 14,800 shares
Euro is up 18 pips…
TLT is up 1 cents…

GES -5.74, -17.11% is gapping down in pre-market following earnings after the close on Wednesday…
HPQ -1.10, -5.73% down following earnings...


Short-term support at
140.92, 139.80 = SPY
1,403, 1,387 = ES
2,743, 2,700 = NQ

Next Chart Targets: 
SPY = 143.10 S&R Measuring
ES = 1,425.75 S&R Measuring


The trend is still up but prices are consolidating again this morning on light pre-market volume…follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...


Quoting Up: GOLD, ESRX, INFY, NFLX, FSLR, QCOM, NKE, CRM, STI, CDE, TSLA, WFM, EBAY

Quoting Down:  GES, AAPL, GOOG, PCLN, COST, AMZN, FFIV, BIDU, CTSH, MOS, FAS, V, X, IBM

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