Tuesday, March 1, 2016

Futures Point to a Higher Open...Look for Bounce and Breakout Chart Opportunities...

SPY after retracing .56 of its 1.45 opening gap, SPY has bounced and is moving to new intra-day highs...

Bounces this morning: FB, STX, SWKS, CTRP, TRIP, NFLX, DIS, GS, NKE, PG, UNH, V, ETFC, SCHW, ORLY, SVXY, QQQ


Breakouts this morning:  F, HTZ, BABA, JD, GRMN, QRVO, DD



BMO - ES +13.25 and NQ +31.50 point to a higher open...

SPY +1.43...DIA +1.09...

XLE +.42...XLB +.30...

One explanation this morning is weaker global manufacturing data spurred stocks higher on hopes of stimulus...bad news was good news this time according to this view....

Moving Up:  F, APC, MYL, HON, FCX, WYNN, SWN, GM, CCL, AAL, DVN, CHK, SWKS, AN, CNX, AZO, MU, FTR, RF, CMG, BAC, YHOO, COG, KR, RIG, HP, AAPL, KMI, FB, REGN, NFLX

Moving Down: EQR, MRO, UTX, MDT, MSI, LLTC, DLTR, ICE

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