Wednesday, August 29, 2012

Futures Point to a Slightly Higher Open...XLF Higher...

BMO– ES +1.75 and NQ +4.75… is up in pre- market and pointing to a slightly higher open…SPY up 20 cents in pre-market…look for volume to continue to be light going into the three day Labor Day weekend...

XLF is up 5 cents…on 89,600 shares
Euro is down 12 pips…
TLT is down 39 cents…

WCRX -3.58, -21.18% lower in pre-market...

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 and prices are pausng in a bull flag pattern on light volumefollow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: GOOG, WFM, FAS, MCP, CRUS, LNKD IBM, HLF, NFLX, AAPL

Quoting Down: WCRX, BIDU, DECK, TLT

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