Wednesday, August 9, 2017

Futures Point to a Lower Open following No. Korea Sabre Rattling...Look for Potential Support...



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I was out of the office during the last hour of trading on Wednesday and did not record a before the close video today...I am working on an after the close video now...check back after 7:30 pm ET for that video...  5:40 pm ET.







After the open Review of SPX, ADVN, DECN, important concepts of focusing on what you see, ignoring noise and going with the higher probability while being prepared to adapt to lower probability when it occurs, DIS, SPY, QQQ, IWM, TLT, VIX, CHTR, KLAC, TSLA, AAPL, CTSH, NVDA, CSX, EA, ATVI, MU, INTC, CC, GPRO...11:40 am ET
© 2017


Look for support in the SPX 2,460 area, which is the support area of the past 15 trading days…as always you must adapt if support is broken…

Pre-market

Down:  MYL, PCLN, NFLX, MNST, AMAT, SBUX, TSLA, PYPL, NVDA, EXPE, JD



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7 comments:

K said...

Dave,

Pointing out the support area helps me see what you see (and a reminder to adapt is always good, too). Thank you! :)

Kathy :)

Dave Johnson said...

Kathy...you're welcome...DJ

Scott Avery said...

Great video Dave. You/we now have a real advantage. Before in your trading rooms that had to do with specific subjects we would look for spreads on Wed. which was determined by the day of the week your specific trading room/coaching was on. Now we can get comments every day, many in real time and you are not constrained to have to wait for a certain day for stock, options, or....."this is a good time for condor" market. This is so much better. I hope you are feeling more liberated as well!

Anonymous said...

Regarding the voice of experience: Sometimes we have to be ready to hear.

So I'll keep listening to these videos and hopefully keep learning.

Unknown said...

Great commentary. Thanks for all you do Dave. Good to hear your voice!

-Gail

Unknown said...

amazing video...i love this

Kempington said...

Thank you Dave.