Tuesday, October 23, 2012

Lower Asian and European Earnings Lead Markets Lower...Euro Lower Overnight...

BMO – ES -16.50 and NQ -28.00… are both lower in pre- market…SPY is down 1.49 in pre-market…Concerns over Asian and European earnings which like some initial U.S. earnings reports are below expectations seemed to renew economic global concerns…

XLF is down 22 cents…
Euro is down 100 pips…
TLT is up 1.22…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...Stocks breaking support present bearish entry opportunities…

Quoting Up: TLT

Quoting Down: AAPL, FAS, MCP, UWM, X, ZION, ANR, FSLR, WDC, STX, GOOG, NFLX, AMZN, BIDU, PCLN

3 comments:

clint elliott said...

The 4DL folks who shorted spy are doing very well today (unless they exited on yesterday's hammer).

clint elliott said...
This comment has been removed by the author.
Michael Hayes said...

Dave

I hope you had a great B-Day party
yesterday, you deserve it.
Again thanks for all you do for your students and the 4 day live program

Mike