Wednesday, October 10, 2012

Stock Futures Mostly Flat In Pre-Market Trading...



BMO – ES +1.25 and NQ +4.00… is higher in pre- market…
SPY is up 3 cents in pre-market…

XLF is up 5 cents…
Euro is up 10 pips…
TLT is down 55 cents…

YUM +2.51, +3.80% gap up following EPS
AA -0.07, -0.77% following EPS

Stay alert the ES and SPY are in a short-term pull back inside either a potential ascending triangle or trading range.  The NQ broke short-term support yesterday and fell to its intermediate term support at 2,735. 

Short-term support at
143.09, 142.33 = SPY
1,424, 1,417.50 = ES
2,735, 2,695, 2,650 = NQ


Follow your rules for entry, exitadjust stops to protect profits at this time according to your rules...


Quoting Up: AAPL, COST, AMZN, ANF, LNKD, V TBT

Quoting Down:  MNST, COOG, VIAB, PCAR, ESRX, SHLD, ALTR, FB


1 comment:

shortstar said...

Dave - I really enjoyed speaking with you at the Chicago Money Show. It looks like we have MACD divergences everywhere tonight!
Mike Winter